Economic Buzz: German Exports Grow 6.4% On Month In February

4 Apr 2022 , 02:18 PM

German exports grew 6.4 percent on a monthly basis in February, reversing a 3.0 percent fall in January, data from Destatis showed on Monday. Shipments were forecast to climb 1.5 percent. Likewise, imports advanced 4.5 percent in February, in contrast to the 4.0 percent fall a month ago. As a result, the trade surplus rose to a seasonally adjusted EUR 11.5 billion from EUR 8.9 billion in January. On a yearly basis, exports grew 14.4 percent after rising 11.1 percent in the previous month. At the same time, growth in imports moderated to 24.5 percent from 25.9 percent. The unadjusted trade surplus totaled EUR 11.4 billion versus a EUR 17.9 billion surplus in the same period last year.

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