German foreign trade surplus widened to EUR 20.6B in May. On calendar and seasonally adjusted terms, trade surplus widened to EUR 18.7B. Exports rose 1.1% mom, 4.5% yoy to EUR 113.9B. Imports dropped -0.5% mom, 4.9% yoy to EUR 93.4B.
Industrial production rose 0.3% mom in May, matched expectations. Production in industry excluding energy and construction was up by 0.9%. Outside industry, energy production was down by -.2% in May 2019 and the production in construction decreased by -2.4%.
