Foreign trade

German exports To and From

A surprising drop in German exports In may, a series of three months, ended with exports in the Plus. The decrease is the strongest for almost a year.

In the month comparison, German exports declined in may by 1.8 percent. However, the companies set to a value of at least 97,2 billion Euro abroad, the Figures of the Federal Statistical office. In the annual comparison, the balance sheet still good. In may 2016, the exports were 1.6 percent above the volumes from may 2015.

In the countries of the EU exports over the year increased forecast of 2.1 percent. Also, the demand from countries outside the EU, moved to markets such as China and the United States, the two largest economies in the world. Recently, German exporters had to get your is the slowdown in the global economy.

The “slowing down”

Economists had expected that German exports would also increase compared to the previous month. “The trade data mark the end of a disappointing week for the German industry,” commented Carsten Brzeski of ING Bank. “All the indicators show a significant slowdown.” In the course of the week’s relatively weak results in the German industrial production and order intake were to become known.

Further in, Plus the German trade balance: exports exceeded imports in may by 22.2 billion euros.

ar/ul (dpa, rtr)