German exports rebounded at a stronger than expected pace in February, data from the Federal Statistical Agency, Destatis, showed on Monday according to the dpa. Exports grew 6.4% on a monthly basis, reversing a 3.0% fall in January. Shipments were forecast to climb 1.5%. Likewise, imports advanced 4.5% in February, in contrast to the 4.0% fall a month ago. Economists had expected monthly growth of 1.4%. The trade surplus rose to a seasonally adjusted EUR 11.5 billion ($12.7 billion) from EUR 8.9 billion in January. This was also well above economists' forecast of EUR 9.6 billion. On a yearly basis, exports grew 14.4% after rising 11.1% in the previous month. At the same time, growth in imports moderated to 24.5% from 25.9%. The unadjusted trade surplus totaled EUR 11.4 billion versus a EUR 17.9 billion surplus in the same period last year.
