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German exports rebound with fastest growth in five months

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Staff writer ▼ | April 11, 2016
German exports grew at the fastest pace in five months during February, after two months of decline, mainly driven by demand from within Europe.
German export
Export and import   German trade surplus rose to EUR 19.7 billion
Exports grew a calendar-and-seasonally adjusted 1.3 percent month-on-month, which was the biggest increase since September. Economists had forecast a 0.5 percent rise.

The latest increase came after 1.3 percent fall in December and 0.6 percent slump in January. The pace of growth in imports eased to 0.4 percent from 1.3 percent a month ago.

Consequently, the trade surplus rose to a seasonally adjusted EUR 19.7 billion from EUR 18.7 billion in the previous month.

Year-on-year, exports increased an unadjusted 4.1 percent and imports by 4 percent in February.

Shipments to the European Union increased 5.5 percent with a 3.3 percent rise in demand from the euro area and 9.3 percent surge in exports to non-euro countries. Exports to countries outside Europe grew 2 percent.

On an unadjusted basis, the trade surplus increased to EUR 20.3 billion from EUR 13.4 billion in January. Economists had forecast a EUR 18 billion surplus.


 

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