German exports down in July
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2023-09-04 14:21
BERLIN German exports fell in July as global demand continues to falter, data from the federal statistics office

BERLIN German exports fell in July as global demand continues to falter, data from the federal statistics office showed on Monday.

German exports fell in July by 0.9% on the previous month. A Reuters poll had predicted a month-on-month decrease of -1.5%.

The foreign trade balance showed a surplus of 15.9 billion euros ($17.15 billion) in July, down from a 18.7 billion euros the previous month.

German exports expectations have deteriorated slightly due to weak foreign demand, an Ifo survey showed in August.

($1 = 0.9273 euros)

(Rerpoting by Maria Martinez, Writing by Friederike Heine, editing by Alex Richardson)

Tags economy germany epus finance tradefigures