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Germany’s exports unexpectedly fall 1.8% in May

by ChemOrbis Editorial Team -
  • 08/07/2016 (16:43)
According to media reports, data released by Germany’s Federal Statistics Office showed that the country’s seasonally adjusted exports dropped 1.8 % on the month in May, posting the biggest monthly decline since August 2015. However, economists’ expectations had called for an increase of 0.25% in a survey by Reuters.

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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