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German exports rise in October, defying expectations
+1.2% compared with the previous month
09 December, 11:49
(ANSA-AP) - BERLIN, 09 DEC - German exports posted a second
consecutive month-on-month increase in October, defying
economists' expectations of a slight decline.
The Federal Statistical Office said Monday that exports rose
1.2% compared with the previous month. That followed a 1.5%
increase in September. In year-on-year terms, exports were up
1.9%, led by a 4.6% rise in demand from countries outside the
European Union. Exports to other EU nations rose only 0.1%.
German imports were flat compared with September and down 0.6% on the year. The unexpectedly upbeat exports report followed data last week showing that factory orders and industrial production both declined in October. Germany only narrowly avoided entering a recession in the third quarter. (ANSA-AP).
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German imports were flat compared with September and down 0.6% on the year. The unexpectedly upbeat exports report followed data last week showing that factory orders and industrial production both declined in October. Germany only narrowly avoided entering a recession in the third quarter. (ANSA-AP).
