German Exports Jump 1.3% Despite Industry Supply Bottlenecks

German exports rose more than expected in June, data showed on Monday, August 9th, despite continued Bottlenecks in manufacturing supplies, pointing to a strong recovery in Europe’s largest economy.

The Federal Statistics Office said that seasonally-adjusted exports increased 1.3% month-on-month after rising by a slightly revised 0.4% in May.

Imports rose 0.6% after a 3.4% jump the previous month.

The trade surplus widened to 13.6 billion euros from a revised 12.8 billion euros in May.

A Reuters poll had indicated an expected increase of 0.4% for exports, and a rise of 0.5% for imports, with a surplus of 13.4 billion euros.

It is noteworthy that German exports rose in May by 0.3%.