ECONOMIC NEWS
German imports rise more than expected in June, exports down By Reuters
BERLIN (Reuters) – German imports rose more than expected while exports edged down, data showed on Friday, in a further sign that domestic demand helps Europe’s largest economy to slowly reduce its dependence on foreign demand.
The Federal Statistics Office said seasonally adjusted exports were down by 0.1 % on the month while imports increased by 0.5 %. The trade surplus stood at 18.1 billion euros after a downwardly revised 18.1 billion euros in the previous month.
A Reuters Poll of economists had pointed to a 0.1 percent drop in exports and a 0.3 increase in imports. The trade surplus was expected to come in at 18.6 billion euros.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
