German Exports & Imports Rebound In August

RTTNews | Před 955 dny

(RTTNews) - Germany's exports and imports rebounded in August with the increase in imports exceeding that of exports, data from Destatis showed on Wednesday.

Exports grew 1.6 percent on a monthly basis in August, offsetting a 1.6 percent fall in July. Economists had forecast shipments to climb 1.1 percent.

At the same time, growth in imports accelerated to 3.4 percent from 0.1 percent in the previous month. This was much faster than the expected 1.1 percent gain.

Consequently, the trade surplus fell unexpectedly to a seasonally adjusted EUR 1.2 billion from EUR 3.4 billion in the previous month. The surplus was forecast to improve to EUR 4.0 billion.

On a yearly basis, exports growth surged to 21.2 percent from 10.8 percent in July. Likewise, imports were up 35.7 percent, bigger than July's 26.2 percent increase.

Germany's exports to the U.S. advanced 12.0 percent and that to China moved up 2.9 percent.

Most imports came from China in August, which gained 2.2 percent. At the same time, the increase in imports from the U.S. was 5.3 percent.

Exports to the EU countries fell 0.8 percent on month, while imports from these countries rose by 2.5 percent. Similarly, shipments to eurozone countries slid 0.6 percent and 2.9 percent more goods were imported from these countries.

Data showed that exports to Russia grew 11.9 percent, while imports from Russia declined 6.7 percent.

Značky : EUR

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | Před 20 h 46 min

Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.

RTTNews | Před 1 dnem

German ZEW Investor Confidence Rebounds In May

German investor confidence rebounded in May as the formation of new government as well as the progress in the tariff disputes strengthened expectations, a survey published by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed sharply by 39.2 points to 25.2 in May. However, the assessment about the current economic situation remained deep in the negative terri

RTTNews | Před 4 dny

German Exports Rise More Than Forecast

Germany's exports increased more than expected in March driven by robust shipments to the US and China, official data revealed on Thursday. Exports increased 1.1 percent on a monthly basis in March but this was weaker than February's 1.8 percent gain, Destatis reported. Shipments were expected to climb 1.0 percent. Meanwhile, imports fell unexpectedly by 1.4 percent, reversing a 0.5 percent ris

RTTNews | Před 9 dny

German Factory Orders Rebound Ahead Of U.S. Tariffs

Germany's factory orders grew more than expected in March as U.S. manufacturers front-loaded their orders to avoid higher tariffs, official data revealed Wednesday. Factory orders advanced 3.6 percent month-on-month in March after remaining flat in February, Destatis reported. Orders are forecast to grow 1.4 percent.

RTTNews | Před 9 dny

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.

RTTNews | Před 10 dny

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | Před 14 dny

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | Před 14 dny

EURUSD	1.11549	GBPUSD	1.32809	AUDUSD	0.64069
USDJPY	145.873	USDCAD	1.39826	USDCHF	0.83882

Advertisement

German Exports & Imports Rebound In August