In May, exports jumped a seasonally and working-day adjusted 3.9% over the previous month, which contrasted the 1.7% contraction recorded in April. The positive outturn overshot market expectations that had exports rising only 0.1% and represents the strongest growth rate since March 2011. Imports also surged over the previous month by rising 6.3%, which contrasted the 4.9% drop observed in April. Compared to the same month last year, German shipments decelerated from a 3.4% increase in April to a 0.5% expansion in May (EUR 92.5 billion), which marks the slowest pace in over two years. Imports, in contrast, contracted 0.2% in June to EUR 77.2 billion, which followed on the 1.0% drop registered in April. As a result, the trade surplus reached EUR 15.3 billion in May, which was above the EUR 14.6 billion seen in the same month last year. The Federation of German Wholesale, Foreign Trade and Services (BGA) expect export growth to reach 6.0% this year, which will push exports to a new-record high of EUR 1.12 trillion.
Germany Trade Balance
Exports rebound in May
July 9, 2012
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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.