Stock indices traded mixed on the weak German economic data. Destatis released its trade data for Germany on Thursday. Germany's seasonally adjusted trade surplus declined to €19.6 billion in August from 22.4 in July. July's figure was revised down from €22.8 billion.
Exports dropped at a seasonally and calendar-adjusted 5.2% in August, while imports fell 3.1%. It was the biggest drop in exports since January 2009.
On a yearly basis, German exports climbed by 5.0% in August, while imports rose by 4.0%.
Germany's current account surplus was at €12.3 billion in August, down from €24.7 billion in July. July's figure was revised up from €23.4 billion.
According to Destatis, manufacturing turnover declined on seasonally adjusted and on adjusted for working days basis by 1.3% in August, after a 1.4% rise in July. July's figure was revised down from a 1.9% increase.
Meanwhile, domestic turnover decreased by 0.9% in August, while the business with foreign customers dropped 1.8%.
Sales to euro area countries declined 2.8% in August, while sales to other countries were down 1.0%.
On a yearly basis, manufacturing turnover in Germany was up on seasonally adjusted and on adjusted for working days basis by 2.8% in August.
Current figures:
Name Price Change Change %
FTSE 100 6,340.5 +4.15 +0.07 %
DAX 9,953.92 -16.48 -0.17 %
CAC 40 4,649.35 -17.99 -0.39 %
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