Tuesday, July 29, 2014   

Import decline lifts German trade surplus
(01-08 15:12)

Germany's trade surplus expanded in November as exports grew, while imports contracted, rising to 17.8 billion euros in November from 16.7 billion euros in October, official data show.
In seasonally adjusted terms, Germany exported goods worth 93.2 billion euros in November, up from 92.9 billion euros in October, the federal statistics office Destatis said in a statement.
Imports, on the other hand, declined by 1.1 percent to 75.4 billion euros from 76.2 billion euros.
That meant the seasonally adjusted trade surplus increased.
In unadjusted terms, the trade surplus also increased, to 18.1 billion euros in November from 16.9 billion euros in October, as exports grew but imports declined, Destatis said.
Exports to the euro area inched up by a mere 0.1 percent on a 12-months basis in November, while exports to the European Union as a whole were up 1.8 percent. Exports to the rest of the world were unchanged, the statisticians said.—AFP


   
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