Germany’s exports and import fall in October
On a yearly basis, Germany’s total exports to countries within Europe increased 3.3% in October compared with the same month of 2014 to €106.2 billion ($117 billion) while exports to countries outside Europe declined 0.9% from October 2014. Slower demand from the Chinese and Russian economies was cited among the main reasons why German exports came down outside Europe.
The country’s trade surplus, meanwhile, increased to a seasonally adjusted €20.3 billion ($22.3 billion) in October from a revised €19.3 billion ($21.2 billion) in the previous month, which exceeded economists’ initial forecasts of a surplus of €20.1 billion ($22 billion), according to a survey by the Wall Street Journal.
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