World Economy

German Exports, Industry Output Surge

German Exports, Industry Output Surge
German Exports, Industry Output Surge

German exports in April rose more sharply than expected while industrial output also posted a strong rise, signaling a good start for the Eurozone’s largest economy at the start of the second quarter.

German merchandise exports to the value of €100.4 billion ($111.7 billion) and imported goods to the value of €78.3b in April 2015. Destatis, the federal statistics office, reported Monday that that German exports increased by 7.5% and imports by 2.8% in April 2015 year on year. Exports and imports showed diverging month-on-month trends on a calendar and seasonally adjusted basis. While exports rose by 1.9% on March 2015, imports were down 1.3%, FinFacts reported.

Destatis also reported Monday that in April 2015, industrial production was up by 0.9% from the previous month on a price, seasonally and working day adjusted basis.

In March 2015, revised data show a decrease of 0.4% (primary –0.5%) from February 2015. In April 2015, production in industry excluding energy and construction was up by 0.7%.

Within industry, the production of capital goods increased by 1.5% and the production of intermediate goods by 0.7%. An decrease of production was recorded for consumer goods (0.9%). Energy production was up by 1.4% in April 2015, while the production in construction increased by 1.3%.