Details of the May 2016 German trade and current account balance data report 8 July 2016
– Exports -1.8% vs 0.4% exp m/m. Prior 0.0%. Revised to 0.1%
– Imports 0.1% vs 0.7% exp m/m. Prior -0.2%. Revised to -0.3%
A bigger drop in the surplus than expected. Germany had been warning of a slowdown in activity in Q2 and this goes along way to confirming that.