German Companies Increase Their Exports For The Eleventh Month in a Row

Data from the German Federal Statistics Office showed that German companies defied the Coronavirus crisis and raised their exports for the eleventh consecutive month, as exports grew at 1.2%, which is twice what economists had expected.

However, imports also rose, as the value of Germany’s imports increased 6.5% in March from the previous month, which far exceeded expectations of 0.7%.

The increase in exports reduced the current account balance to 14.3 billion euros, equivalent to 17.24 billion dollars.