German exports rise unexpectedly in May
Tweet
Share
E-mail
A container ship leaves the port in Hamburg, Germany March 11, 2020. REUTERS/Fabian Bimmer
By Maria Martinez
July 9 (Reuters) - German exports rose unexpectedly in May, increasing by 0.9% compared with the previous month, data from the federal statistics office showed on Thursday.
The result compared with a forecast 0.3% decrease in a Reuters poll.
Imports were down 2.5% on a calendar and seasonally adjusted basis.
The foreign trade balance showed a surplus of €19.1 billion in May, up from €14.7 billion in April.
Exports to EU countries dropped by 1.1% on the month, while exports of goods to countries outside the EU increased by 3.6%.
(Additional reporting by Basile Day. Editing by Linda Pasquini)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Zambia election will put Hichilema's economic record to the test
- Rubrik unveils $500 million UK investment, names London as European HQ
- How a Palestinian town is defending itself from Israeli settler attacks
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
