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INSTANT VIEW 3-German exports jump unexpectedly in August

BERLIN, Oct 8 (Reuters) - Germany's trade surplus widened inAugust after exports rose unexpectedly, according to data onMonday that underscored the resilience of Europe's largest andtraditionally export-oriented economy despite the euro zonecrisis.

Seasonally adjusted exports jumped 2.4 percentmonth-on-month and imports inched up just 0.3 percent, data fromthe Federal Statistics Office showed. The consensus forecasts ina Reuters poll of economists were for exports to slide 0.5percent and imports to gain 0.3 percent.

The seasonally-adjusted trade surplus widened to 18.3billion euros from a revised 16.3 billion euros in July. Theconsensus forecast was for it to narrow to 15.3 billion euros.

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TABLEGERMAN TRADE (ADJUSTED) AUG 12 JULY 12 AUG 11Trade balance 18.3 16.3 13.7Exports 95.0 92.8 90.0Exports pct change m/m +2.4 +0.4 +3.2Imports 76.7 76.5 76.3Imports pct change m/m +0.3 +0.3 -0.1

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ECONOMISTS' COMMENTS

ANDREAS SCHEUERLE, DEKABANK

"It is incredible how German exports are winning in such atough environment... The strongest areas of growth recently camefrom Asia and Europe outside the euro zone. The data shouldinfluence Germany's economic output positively in the thirdquarter."

ULRIKE KASTENS, SAL OPPENHEIM

"The rise in exports is a surprise. However we see it ratheras a positive one-off. The trend for the coming months pointsrather to a weakening. Nevertheless the increase in exports inAugust should have a stabilising effect on economic performancein the third quarter.

"Trade is performing more positively than thought. We dostill expect a slowdown in GDP in the third quarter but thanksto foreign trade that will be modest."

BACKGROUND

* For a story on German industrial orders dropping inAugust, please click on

* For a story on German unemployment rising for a sixthmonth running in September, please click on

* For a story on Germany's services sector contractingunexpectedly in September, please click on

* For a story on Germany's manufacturing sector shrinking inSeptember, click on

* For a story on German inflation easing in September,please click on

* For a story on the German business mood worsening for thefifth month in a row, please click on

* For a story on German consumer morale holding steadyheading into October, please click on

* For a story on German analyst and investor morale pickingup in September, please click on

(Reporting By Berlin Bureau)

((sarah.marsh@thomsonreuters.com)(+ 49 30 2888 5226))

Keywords: GERMANY TRADE/