Wednesday June 3, 2020

Exports slump fresh sign of German weakness

2.6 per cent July fall shows industry 'stuttering', says economist

9th September, 2016
Is German industry weakening? Pic: Getty

Official figures show that German exports took a nosedive in July, falling 2.6 per cent from the previous month in another sign of weakness from Europe's largest economy.

The Federal Statistical Office said July exports dropped to €97.1 billion in seasonally adjusted terms, while imports dropped 0.7 per cent to €77.7 billion, narrowing the trade surplus to €19.4 billion.

In unadjusted terms, exports were down 10 per cent compared with July last year.

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