Economic Buzz: German Exports Grow At Slower Pace In November

7 Jan 2022 , 04:51 PM

Germanys exports grew at a slower pace in November, data released by Destatis showed on Friday. Exports increased 1.7 percent on a monthly basis in November, slower than the 4.2 percent increase seen in October. Nonetheless, this was in contrast to the expected fall of 0.2 percent. Likewise, imports growth eased to 3.3 percent from 5.2 percent in the previous month. The trade surplus fell to a seasonally adjusted EUR 10.9 billion from EUR 12.4 billion a month ago. The surplus was well below the expected level of EUR 12.8 billion. On a yearly basis, exports logged a double-digit growth of 12.1 percent after rising 8.2 percent.

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