Germany's trade surplus widens sharply in July as imports slump

Germany July trade balance €21.3 billion vs €15.9 billion expected Prior €15.4 billion Germany July exports -0.8% vs +0.1% m/m expected Prior +0.9% Germany July imports -5.7% vs -0.9% m/m expected Prior +4.4% The breakdownThe German trade surplus widened in July but it comes as…