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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