The spreading sovereign debt crisis in Europe and slower global economic growth are likely to adversely impact German exports in the coming months. In June, exports dropped a calendar and seasonally adjusted 1.2% over the previous month, which contrasted the 4.4% expansion observed in May and slightly undershot market expectations that had exports declining 1.0%. On the other hand, imports increased 0.3% over the previous month on a calendar and seasonally adjusted basis, below the 3.8% expansion in May. A year-on-year comparison had exports growing 3.1%, which marked a notable deceleration compared to the 19.9% expansion tallied in May. Imports slowed from a 15.6% increase in May to a 6.0% expansion in June. As result, the trade surplus shrunk from EUR 14.8 billion in May to EUR 12.7 billion in June. In the wake of the global economic slowdown, exports are likely to grow at a less dynamic rhythm going forward. That said, the Federation of German Wholesale, Foreign Trade and Services (BGA, Bundesverband Gro
Germany Trade Balance
Exports fall more than expected in June
August 9, 2011
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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.