Home / Market Update / German Exports Rise 0.3% in May

German Exports Rise 0.3% in May

German exports rose again in May by 0.3%, indicating a continued recovery in Europe’s largest economy.

The German Federal Statistics Office said Thursday, July 8 that seasonally-adjusted exports rose 0.3% month-on-month, after a downwardly revised 0.2% increase in April.

Imports also rose by 3.4% month-on-month in May, topping Reuters expectations, which indicated that the rise would be about 0.4%.

A Reuters poll indicated that the increase in exports would be about 0.6%.

On the other hand, the trade surplus shrank to 12.6 billion euros, or about 14.9 billion dollars, compared to 15.6 billion euros in April.

It is reported that orders for German-made goods fell unexpectedly in May, affected by weak demand from countries outside the Eurozone and the lack of contracts for capital and intermediate goods.

Check Also

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …