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Germany’s exports and imports reach record high in July

by ChemOrbis Editorial Team -
  • 08/09/2015 (14:22)
According to data compiled by Germany’s Federal Statistics Office, the country’s exports and imports reached record high levels in July, growing 2.4% on the month to €103.4 billion and 2.2% to €80.6 billion, respectively. Germany’s July export and import figures exceeded economists’ initial estimates, which called for a gain of 0.7% in exports and 0.5% in exports.

The increase was attributed to stronger external and domestic demand. Shipments to the eurozone rose by 5.5% in July while demand from beyond the EU increased by 6.4%.
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