German imports unexpectedly drop.

 German imports fell for the third time in four months in February, slumping 3.8% on month vs +3.3% in January and missing consensus of +0.5%. Exports unexpectedly fell as well, while the trade surplus widened to €17.1B from €15.6B. The slide in imports suggests that domestic demand has softened; the hope has been that it will boost German and eurozone growth.