German trade surplus +15.1% M/M to €16.8B in December vs consensus of €14.8B. Exports +0.3% vs...


German trade surplus +15.1% M/M to €16.8B in December vs consensus of €14.8B. Exports +0.3% vs -2.2% in November and forecasts of +1.3%. Imports -1.3% vs -3.8% and +1.4%. 2012 surplus rises to five-year high, jumping more than three-fold to €188.1B, a figure that's also the second-highest since the stats began in 1950. Exports +3.4% to €1.1T, imports +0.7% to €909.2B. (PR)

Comments (2)
  • User 353732
    , contributor
    Comments (5158) | Send Message
     
    Germany has managed to maintain its regional and global competitiveness even as the Euro-Periphery and France are rapidly losing theirs.
    The many middle sized, largely family owned businesses, are the key to German competitiveness. Such firms are much rarer in the rest of Europe and seem to be as much cultural as they are historical. Most German workers still honor craftsmanship and professionalism even as both erode in large parts of Western Europe.
    8 Feb 2013, 05:48 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    Excellent observation. Germany was an export champion with the old and strong Deutsche Mark. They will survive a stronger € albeit at a lower level of trade imbalance, but the others in Europe will suffer dearly. The € is proving to be very counter-productive on the whole.
    8 Feb 2013, 07:01 AM Reply Like
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