18527
German Exports, Industry Output Surge
World Economy

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%.

 

Short URL : http://goo.gl/PoSfch

You can also read ...

Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Nigeria Bank Sees Faster Growth
Nigeria’s biggest bank by revenue expects lending to...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...

Trending

Googleplus