Despite the strong euro, overseas sales expanded in September, powered by strong demand from China. In September, exports expanded 3.0% in seasonally and working day adjusted terms over the previous month (+22.5% year-on-year), after two consecutive months of decline. The monthly reading contrasted the 0.2% contraction observed in August and surprised the market, which had exports rising 1.5%. Imports fell 1.5% over the previous month (+18.0% yoy), contrasting the 0.3% increase recorded in August. As a result, the trade balance surplus widened from EUR 9.0 billion in August to EUR 16.8 billion in September, which marked the highest level since March this year. Exports are likely to continue expanding, albeit at a more moderate pace, as persistent strengthening of the euro may diminish sales prospects outside the European Union. Moreover, the strong fiscal tightening in several Eurozone countries, which remain a key export destination for German manufacturers, may dent export demand.
Germany Trade Balance
Exports bounce back in September
November 8, 2010
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Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.