German exports increase in August
Source: Agencies |
October 9, 2012, Tuesday
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Print Edition
Print Edition
EXPORTS from Germany, Europe's biggest economy, rose unexpectedly in August compared with the previous month but industrial production was a bit lower, official data showed yesterday.
Germany is seeing slower growth this year following two years of robust increases in output, and government figures last week showed that industrial orders were 1.3 percent lower in August. Business confidence has slipped, reflecting worries over Europe's debt crisis. But the economy remains fundamentally solid.
Also yesterday, the Economy Ministry said industrial production was down 0.5 percent in August compared with July, a performance in line with economists' expectations.
Germany is seeing slower growth this year following two years of robust increases in output, and government figures last week showed that industrial orders were 1.3 percent lower in August. Business confidence has slipped, reflecting worries over Europe's debt crisis. But the economy remains fundamentally solid.
Also yesterday, the Economy Ministry said industrial production was down 0.5 percent in August compared with July, a performance in line with economists' expectations.
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