Germany’s trade surplus narrowed in October, as greater spending appetite drove up import growth. The Federal Statistical Office said foreign trade surplus totalled 16.8 billion euros in October, compared with 18.8 billion euros a month earlier.
The drop comes as a welcome move for struggling euro zone peers anxious to sell more to the continent’s largest economy.
Germany is being urged to spur domestic demand, as its high trade surplus and current account surplus, which come as a result of high exports, are blamed for hurting the global economy.
Source: CCTV
