German trade and current account surpluses both narrowed in June compared to the previous year, provisional data from the Federal Statistics Office showed.

The trade surplus stood at €22.3 billion, down from €24.5 billion in the same month last year but up from a surplus of €22 billion in May. June exports declined to €107.2 billion from €110.7 billion in May while imports rose to €84.9 billion from €82.0 billion in the previous month.

Germany's current account balance, which takes into account goods trade as well as services and income from foreign investments, dropped to a surplus of €23.6 billion from €24.0 billion in June 2016. May's current account surplus was €16.0 billion, the statistics office said.