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Germany Avoided a Trade Deficit in May After All

Germany didn’t have a trade deficit in May after all, according to revised data published this week.

An initial reading from the country’s statistics office on July 4 showed a shortfall of 1 billion euros ($1 billion). Yet final numbers from the Bundesbank revealed an 850 million-euro surplus. That’s the weakest reading since 1992, but means Europe’s biggest economy avoided a deficit.