In July, exports dropped a calendar and seasonally adjusted 1.8% over the previous month, which was below the 1.2% contraction observed in June and defied market expectations of a 0.5% rise. Imports fell 0.3% over the previous month, which contrasted with an expansion of the same magnitude in June. On a year-on-year basis, exports expanded 4.4% in July, slightly faster than the 3.1% increase tallied in June. Despite the acceleration, the July increase marked the second consecutive month of single-digit growth, after exports had grown at a double-digit pace for 15 months in a row. Imports accelerated from a 6.0% increase in June to a 9.9% expansion in July. As imports outpaced exports, the trade surplus narrowed from EUR 12.7 billion in June to EUR 10.4 billion in July. In the wake of the global economic slowdown, exports are likely to grow at a less dynamic rhythm going forward. The Federation of German Wholesale, Foreign Trade and Services (BGA, Bundesverband Gro
Germany Trade Balance
Exports unexpectedly decline in July
September 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.