Germany’s trade surplus widens more than expected in May to 19.1 billion euros

The adjusted trade surplus in May was 19.1 billion euros, up from 14.7 billion euros in April. Analysts had expected a much smaller increase to 14.8 billion euros in May.

Exports rose 0.9 percent month on month after rising 0.8 percent in April. Analysts had expected a decline of 0.4 percent on average.

Imports fell by 2.5 percent compared with the previous month after increasing 1.1 percent in April. Expectations were for a decline of 0.8 percent in May.