Germany Posts Record Current-Account Surplus Amid U.S. Concern
- Surplus rises to EU30.4 billion, trade gap also at a record
- U.S. has placed Germany on watchlist along with China, Japan
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Germany posted a record current-account surplus just days after being placed on a U.S. watchlist for countries that may have an unfair foreign-exchange advantage.
The current-account gap climbed to 30.4 billion euros ($34.6 billion) in March, up from 21.1 billion euros the previous month, data from the Federal Statistics Office showed on Tuesday. The nation’s trade surplus, a narrower measure that only counts imports and exports of goods and services, widened to 26 billion euros, also a record.