Economic Buzz: Germany Exports Fall For First Time In Four Months

2 Sep 2022 , 02:29 PM

Germanys exports dropped for the first time in four months in July and imports logged an unexpected decline, official data revealed. Exports decreased 2.1 percent on a monthly basis, in contrast to the 4.2 percent increase in June, Destatis reported. At the same time, imports unexpectedly fell 1.5 percent, reversing a 0.1 percent rise in June. The trade surplus declines to a seasonally adjusted EUR 5.4 billion from EUR 6.2 billion in the previous month. On a yearly basis, exports growth eased to 10.8 percent from 14.5 percent in June. Meanwhile, the increase in imports improved to 26.1 percent from 24.8 percent in the previous month. Powered by Commodity Insights