German exports rise at fastest pace in 5-months

Data released by German Federal Statistics office today showed German exports bounced back, rising more than expected in February, and at a fastest rate in five months.

Seasonally adjusted exports rose 1.3% on the month after falling two consecutive months. This was the strongest increase since September. Meanwhile, imports edged up 0.4%. Consequently, trade surplus rose to EUR 19.8 billion.

Markets were expecting a 0.5% rise in exports and a 0.3% decline in imports.