Destatis released its trade data for Germany on Thursday. Germany's seasonally adjusted trade surplus declined to €19.6 billion in August from 22.4 in July. July's figure was revised down from €22.8 billion.

Exports dropped at a seasonally and calendar-adjusted 5.2% in August, while imports fell 3.1%. It was the biggest drop in exports since January 2009.

On a yearly basis, German exports climbed by 5.0% in August, while imports rose by 4.0%.

Germany's current account surplus was at €12.3 billion in August, down from €24.7 billion in July. July's figure was revised up from €23.4 billion.