In November, exports added a working-day and seasonally adjusted 0.5% over the previous month. The increase contrasted the 1.3% contraction observed in October but undershot market expectations of a 1.0% rise. Meanwhile, imports grew 4.1% in November, well above the 0.1% increase registered in October. On an annual basis, exports expanded 21.7% in November (October: +19.6% year-on-year) and imports grew 33.3% (October: +20.8% yoy), reducing the trade surplus from EUR 14.2 billion in October to EUR 12.9 billion in November. The strong growth observed over the past months, pushed exports to a new record high. In November, the moving 3-month sum in exports reached EUR 261 billion, which exceeded the peak of EUR 257 billion observed in November 2007. During the recession, exports dropped to a three-month low of EUR 192 billion in July 2009 before trending upwards again. Exports expanded amid increasing demand from Asia. Going forward, demand, exports are likely to continue trending upwards.
Germany Trade Balance
Exports exceed pre-crisis peak
January 7, 2011
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Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
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.