Exports fell for a second consecutive month, amid signs of a slowdown in global demand and a strengthening euro. In August, exports slipped 0.4% in seasonally and working day adjusted terms over the previous month. However, the monthly reading came in above the 1.6% contraction observed in July and was virtually in line with market expectations of a 0.3% drop. Simultaneously, imports grew 0.9% over the previous month, contrasting the 2.2% decline registered in July. On an annual basis, exports expanded 26.8% in August, up from the 18.6% increase tallied in July. Imports rose 29.2% in August, also above the 24.9% expansion recorded in July. As a result, the trade balance narrowed from EUR 9.1 billion in July to EUR 4.6 billion in August, which marked the second lowest level so far this year. Exports are likely to continue expanding on an annual basis, albeit at a more moderate pace, as slowing global demand and a stronger euro diminish the sales prospects outside the European Union.
Germany Trade Balance
Exports decline in August
October 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.