German exports were flat in April, rising at a pace of 1.90% on a month over month basis, unchanged from March. Imports logged a modest decline from March, falling 0.20% on the month and lower than March's 2.30% decline, data from German Statistics agency, Destatis showed on Thursday. Trade surplus for the month of April was marginally higher, rising to a seasonally adjusted basis to 23.9 billion euro, up from 23.7 billion euro surplus logged in March. The unadjusted trade surplus contracted from 26.2 billion in March to 25.6 billion in April. On a year over year basis, Germany's exports advanced 3.80% while imports remained flat during the same period in April. Germany is expected to released the inflation figures for May later today with estimates forecasting a 0.30% increase in consumer prices, rising at the same pace as in April.
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Daily Analysis - 10/06/2016