Germany’s exports unexpectedly fall 1.8% in May
The data also revealed that Germany’s seasonally adjusted imports edged up 0.1% on the month in May compared with market expectations of a 0.4% gain.
The decrease in exports was attributed to weaker global demand. In May, Germany’s industrial output posted its biggest monthly drop in nearly two years and factory orders also remained steady in May despite economists’ expectations which called for a growth of 1%.
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