In October, exports dropped a seasonally and working day adjusted 3.6% over the previous month, which contrasted the revised 1.0% expansion observed in September (previously reported: +0.9% month-on-month) and undershot market expectations, which had exports falling a more moderate 1.3%. Imports declined 1.0% in October, which was double the 0.5% contraction recorded in September. Compared to the same month last year, exports slowed considerably from a 10.6% expansion in September to a 3.8% increase in October, which marked the slowest pace since June. The annual reading reflected a decline in exports to the Eurozone (-0.4% year-on-year), as the sovereign debt crisis dampens demand. Meanwhile, imports grew 8.6% in October, which was below September's 11.9% expansion. As a result, the trade surplus narrowed from EUR 17.3 billion in September to EUR 11.6 billion in October.
Germany Trade Balance
Exports fall sharply in October
December 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.