Germany April trade balance report 9 June 2016
- +EUR 26.2bln prev revised up from +26.0bln
- current account +EUR 28.8bln vs +21.0bln exp vs +29.9bln prev revised down from +30.4bln
- exports mm SA 0.0% vs -0.8% exp vs +1.9% prev
- imports mm SA -0.2% vs +1.3% exp vs -2.3% prev
- labour costs yy WDA +3.1% vs +2.0% prev revised down from +2.1%
- qq SA +1.7% vs +0.5% prev
Better headlines (fresh monthly record) but euro unimpressed as EURUSD retreats back below 1.1400.
Imports unexpectedly fell while exports were unchanged.
