PREVIEW: German Dec. s.a. trade balance seen narrowing to 15.3 bln from 17.2 bln in Nov.
First Published Tuesday, 9 February 2010 06:06 am - © 2010 Need to Know News
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.
