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German Exports Stagnate

German Exports StagnateGerman Exports Stagnate

The start of the second quarter saw German exports stagnate on weak demand from China and emerging markets, DW reported. Although the data beat forecasts predicting decline, analysts warn that slow trade is unlikely to pick up soon. The Federal Statistics Office said Thursday exports in April remained unchanged from the previous month, beating forecasts of a 0.8% decline for the month. However, the figure was a far cry from the solid 1.9% export growth in March. Worries on slumping domestic demand also emerged anew, as import figures slipped by 0.2% in April, declining for the second month in a row.

Financialtribune.com