Puzzling EU data - creative accounting?


Legendary member
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Much EU data was released this morning. Anyone any theories how it was so good? Why were the consensus forecasts so out of whack with what happened? Does anyone else smell a rat here?

German Trade Balance (euros) (DEC)
Previous = 17.9B
Forecast = 16.0B
Actual = 19.1B

German Current Account (euros) (DEC)
Previous = 18.9B
Forecast = 20.8B
Actual = 25.3B

German Exports s.a. (MoM) (DEC)
Previous = -2.2%
Forecast = 1.0%
Actual = 3.4%

German Imports s.a. (MoM) (DEC)
Previous = 1.2%
Forecast = 0.2%
Actual = -0.8%

Euro-Zone Sentix Investor Confidence (FEB)
Previous = 0.9
Forecast = 3.0
Actual = 12.4
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