Germany recovers as exports rise, but imports fall

783 views
1 min read

German exports rose in June, suggesting Europe's largest economy is slowly recovering after recent weakness, but imports fell, raising doubts about the strength of domestic demand on which the government is relying to boost growth this year.

Seasonally-adjusted exports climbed by 0.6% on the month, data from the Federal Statistics Office showed on Thursday, missing the consensus forecast in a Reuters poll for a 1% increase.

Imports dropped by 0.8% versus May, falling well short of the consensus estimate in a Reuters poll for a 0.5% increase and undershooting even the lowest estimate for a 0.5% drop.

The seasonally-adjusted trade surplus widened to 15.7 bln euros from an upwardly revised 14.6 bln in May. The consensus forecast was for it to widen to 14.9 bln euros.

View all

Latest from Business