Related News
Germany鈥檚 trade surplus up slightly
Print Edition
GERMANY’S trade surplus grew slightly in October, data published yesterday showed, with imports showing a sharper decline than exports due in part to a weaker euro.
Exports slipped by 0.5 percent in October to 97.2 billion euros (US$120.1 billion) compared with the previous month, while imports fell 3.1 percent to 76.6 billion euros, according to seasonally adjusted figures published by the federal statistics office Destatis.
This lifted the trade surplus to 20.6 billion euros in Germany, the world’s third-largest exporter.
In raw terms, exports hit a historic record of 103.9 billion euros — the third new high since July.
The figures came as France reported a slight drop in its trade deficit in October with a 0.5 percent rise in exports.
Carsten Brzeski of ING-DiBa called the German data “more evidence for Germany’s rebound.”
“October trade data just added to recent evidence that the eurozone’s largest economy gained some momentum at the start of the fourth quarter,” he said.
Christian Schulz of Berenberg Bank said in a statement that German exports had shaken off the turmoil in Ukraine and “emerging market travails.”
“We expect German exports to continue to grow nicely throughout the rest of the year and in 2015 as German companies enjoy a strong competitive position, important developed export markets are growing nicely or rebounding and the weaker euro helps a bit on global markets,” he said.
Schulz said the outlook for domestic demand was also expected to pick up.
“While still-fragile domestic (spending) might have been holding back import growth, the drop in the oil price which began in October, is likely to have had the much bigger impact,” he said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
