German exports increased for the fourth month in a row and more than expected in August, boosting hopes of a strong recovery for Europe’s largest economy in Q3 after the shock of the Corona pandemic earlier this year.<\/p>\n\n\n\n
The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.4% M-o-M after a 4.7% increase in July.<\/p>\n\n\n\n
Imports rose 5.8%, after increasing 1.1% the previous month. He added that the trade surplus narrowed to 15.7 billion euros (18.5 billion dollars).<\/p>\n\n\n\n
Economists polled by Reuters expected an increase in exports and imports of 1.4% each, while they expected a trade surplus of 18.2 billion euros.<\/p>\n\n\n\n
On an annual basis, the Bureau of Statistics said exports to China decreased only 1.1% in August, while exports to the United States were particularly affected by the Corona pandemic, dropping 21.1% and exports to Britain decreased 7.3%.<\/p>\n\n\n\n
The German economy shrank by 9.7% in Q2 as household spending, corporate investment and trade collapsed at the height of the pandemic.<\/p>\n\n\n\n
Official data released on Tuesday revealed that orders for goods made in Germany rose 4.5% in August, more than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"
German exports increased for the fourth month in a row and more than expected in August, boosting hopes of a strong recovery for Europe’s largest economy in Q3 after the shock of the Corona pandemic earlier this year. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.4% M-o-M after a 4.7% increase …<\/p>\n","protected":false},"author":9,"featured_media":30550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6947,6839],"class_list":["post-35165","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-exports","tag-germany"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35165"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35165\/revisions"}],"predecessor-version":[{"id":35167,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35165\/revisions\/35167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30550"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}