World Economy

German Exports Drop

German Exports DropGerman Exports Drop

German exports in January fell by the largest amount since August, dropping far more than forecast, RTE News reported. The figures put a damper on expectations that Europe’s largest economy would expand robustly in the first quarter after a strong end to last year. Seasonally-adjusted exports decreased by 2.1% on the month after a downwardly revised 2.8% gain in December, data from the statistics office showed. Imports slipped by 0.3%, missing the Reuters consensus forecast for a 0.5% gain. The trade surplus for January narrowed to €19.7b ($21.4b) from a revised €21.6b in December.