Overseas sales contracted, pointing to a feeble start to the fourth quarter and emphasising the global economic weakening. In October, exports dropped a seasonally and working day adjusted 1.1% over the previous month, following on a robust 3.0% expansion observed in September. The reading contrasted market expectations that had exports remaining unchanged. Meanwhile, imports bounced back in October, rising 0.3% over the previous month on a working day and seasonally adjusted basis (September: -1.2% month-on-month). Compared to the same month last year, in October, exports grew 19.8% and imports expanded 21.0%, reducing the trade surplus from EUR 16.8 billion in October to EUR 14.2 billion in November. Exports are likely to continue expanding, albeit at a more moderate pace, as a strong euro dampens the attractiveness of German overseas sales and Europe's sovereign debt crisis curbs demand within the region.
Germany Trade Balance
Exports fall more than expected in October
November 8, 2010
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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.