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German exports a bit lower in June, add to economic clouds
Imports down 4.4% in year-on-year terms
09 August, 10:24
(ANSA-AP) - BERLIN, AUGUST 9 - German exports were a little
lower in June than the previous month and dropped 8% in
year-on-year terms, reinforcing expectations that data due next
week may show the economy shrank slightly in the second quarter.
The Federal Statistical Office said Friday that exports were 0.1% lower than in May in seasonally adjusted terms, following a steep 3.2% drop in April and a partial 1.3% recovery in May.
Imports rose 0.5% on the month but were down 4.4% in year-on-year terms. Month-on-month export and import data were both in line with economists' expectations. Second-quarter gross domestic product figures are due Aug.
14. Germany's economy is believed to have turned in a feeble performance from March to June after returning to growth in the winter, a forecast bolstered by recent data. (ANSA-AP).
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The Federal Statistical Office said Friday that exports were 0.1% lower than in May in seasonally adjusted terms, following a steep 3.2% drop in April and a partial 1.3% recovery in May.
Imports rose 0.5% on the month but were down 4.4% in year-on-year terms. Month-on-month export and import data were both in line with economists' expectations. Second-quarter gross domestic product figures are due Aug.
14. Germany's economy is believed to have turned in a feeble performance from March to June after returning to growth in the winter, a forecast bolstered by recent data. (ANSA-AP).
