German imports unexpectedly dropped for the third time in four months in February, falling 3.8% on month vs +3.3% in January and missing consensus of +0.5%. Exports -1.5% vs +1.3% and unchanged. Trade surplus widened to €17.1B from €15.6B and vs forecasts for €15B. The slide in imports suggests that domestic demand has softened; the hope has been that it will boost German and eurozone growth. (PR)
German imports unexpectedly dropped for the third time in four months in February, falling 3.8%...
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