Germany’s exports unexpectedly fall 2.6% in July
The data shows that Germany’s seasonally adjusted exports are down by 2.6% on a monthly basis in July, failing to meet economists’ predictions of a 0.25% increase. Meanwhile, seasonally adjusted imports also edged down 0.7% on a monthly basis while expectations had called for an increase of 0.8% in a survey by Reuters.
Germany’s seasonally adjusted trade surplus retreated to €19.4 billion ($21.9 billion) from €21.4 billion ($24.1 billion) recorded in June owing to the unexpected fall in exports.
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