Economic Buzz: German Exports Rebound In December

Germanys exports rebounded in December and imports followed suit, figures from the Federal Statistical Office showed on Friday. Exports rose a calendar and seasonally-adjusted 1.5% from November, when they dropped 0.3%. The pace of growth was the fastest since Mays 1.6% gain. Imports rose 1.2% month-on-month, recovering from a 1.3% drop in November.

The non-adjusted trade surplus fell sharply to EUR 13.9 billion from EUR 20.4 billion in November. The current account surplus fell to EUR 21 billion in December from EUR 21.6 billion in November. For full year 2018, exports rose 3% and imports jumped 5.7%. The trade surplus fell to EUR 227.8 billion from EUR 247.9 billion in 2017.