German Trade Surplus, French Deficit Drop
Germany's trade surplus has shrunk below the predicted levels in December 2013.
The surplus of Europe's biggest economy at the end of the year was EUR 14.2 B, which is considerably lower than the revised EUR 19.1 B in the previous month, according to the Federal Statistics Bureau (Destatis).
Meanwhile, Germany's overall foreign trade balance for the entire 2013 recorded a surplus of EUR 198.9 B, a historic record high. The figure for 2012 was EUR 189.8 B.
German exports in December dropped by 0.9%, following a 0.7% growth in the preceding month. Imports were also down 0.6%, despite the forecasted 0.9% growth.
The EU's second largest economy, France, recorded a trade deficit of EUR 5.2 B at the end of the year, which is down from EUR 5.7 B in November.
- » Russian Troops Withdraw from Syria
- » Kosovo Expexts to Have Final Peace Treaty with Serbia by the End of 2018
- » Nearly 6,000 Jihadists from the Islamic State may Return to Africa
- » German Intelligence Warns of Increased Chinese Cyber Spying
- » Macron Tells Netanyahu that US Recognition of Jerusalem is Threat to Peace
- » Protesters and Police Clash Outside US Embassy in Beirut