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German trade surplus contracts as exports fall

Germany's trade surplus shrank in May 2016 as exports declined unexpectedly, pointing to possible clouds on the horizon for Europe's biggest economyGermany’s trade surplus shrank in May as exports declined unexpectedly, official data showed on Friday, pointing to possible clouds on the horizon for Europe’s biggest economy. The trade surplus is a key gauge of an economy’s comparative strength and in recent months has highlighted Germany’s robustness amid the current global economic uncertainties. Together with disappointing industrial output and factory orders data earlier this week, analysts said the German economy could be slowing after solid growth in the first quarter.

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