The German trade balance is seen reducing slightly to 15.3 bln in December from 17.2 bln in November. The forecast is based on a reduction in exports whereas imports are seen holding up to a greater extent. Exports are forecast to rise 0.5% from the 1.6% rise in the previous month. Imports are seen to rise 2.7% after the fall of 5.9% in November. The data will be released on February 9, at 07:00 GMT. Earlier this month, the German economic ministry reported that in December foreign demand for German industrial products declined significantly.

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