German exports rise more than expected in September
EWG•German exports rose 2% in September from the previous month, above analysts’ 0.5% forecast, while imports gained 4.2%, also exceeding expectations of 0.5%.
1. Trade figures exceed forecasts
German exports rose 2% month on month in September, driven mainly by demand from European Union countries, after declines in July and August. Imports increased 4.2%, compared with analysts’ forecast of 0.5%. Bethmann HAL Bank chief economist Alexander Krueger said foreign trade is likely to underpin economic growth for the time being, but not drive it.
