Carsten Brzeski, chief economist at ING, provides his take on the German trade balance data released today, showing that surplus widened to €19.4 billion in December from €18.9 billion in November. Key quotes: “German exports (seasonally and calendar adjusted) increased by 1.5% month-on-month in December, from 0.3% MoM in November. Imports increased by 1.2% MoM, from -1.3% MoM in November. Not adjusted for seasonal and calendar effects, exports in 2018 were some 3% higher than in 2017. Interestingly, despite all trade war fears, the export sector didn’t just grow in 2018 but probably contributed positively to the economy’s fourth quarter GDP growth.” “Looking ahead, the balancing act for the German export sector will continue. While the temporary problems in the automotive sector will gradually be resolved (even though a WLTP 2.0 is approaching) and should boost exports, the risks and uncertainties from outside the eurozone are clearly the make-it-or-break-it factor for the export sector.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US considering three car tariff options – Report FX Street 4 years Carsten Brzeski, chief economist at ING, provides his take on the German trade balance data released today, showing that surplus widened to €19.4 billion in December from €18.9 billion in November. Key quotes: "German exports (seasonally and calendar adjusted) increased by 1.5% month-on-month in December, from 0.3% MoM in November. Imports increased by 1.2% MoM, from -1.3% MoM in November. Not adjusted for seasonal and calendar effects, exports in 2018 were some 3% higher than in 2017. Interestingly, despite all trade war fears, the export sector didn't just grow in 2018 but probably contributed positively to the economy's fourth… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
