Frankfurt - AFP
The German trade surplus contracted in October as both exports and imports declined, official data showed on Friday. Europe\'s biggest economy exported goods worth a total 88.1 billion euros ($117 billion) in seasonally-adjusted terms in October, 3.6 percent less than in September, the national statistics office Destatis said. Imports declined by 1.0 percent to 75.5 billion euros, so that the seasonally-adjusted trade surplus declined to 12.6 billion euros from 15.1 billion euros in September. Taking the 10 months to October as a whole, German exports rose 12.5 percent over the year-earlier period to 881.1 billion euros in unadjusted terms, while imports were up 14.6 percent at 750.7 billion euros. That meant the 10-month trade surplus increased by 1.5 percent to 130.3 billion euros.