69976
German Trade Surplus Widens
German Trade Surplus Widens

German Trade Surplus Widens

German Trade Surplus Widens

Germany’s trade surplus grew in June, official figures showed Tuesday, while saber rattling continues in Washington and Brussels over possible US protectionist moves. AFP reported. Europe’s largest economy exported €21.2 billion ($25 billion) worth of goods more than it imported in June, the federal statistics authority, Destatis, calculated in figures adjusted for seasonal and calendar effects. In absolute terms, the amount of goods sold abroad amounted to €104.9 billion in June, a drop of 2.8% from the figure for May, while the total amount of goods bought from abroad totaled €83.7 billion, down 4.5% on the month. Germany increased both its imports from and its exports to the EU in June, but while its imports from the rest of the world grew strongly, exports shrank slightly. The drop in exports was “disappointing”, analyst Carsten Brzeski of ING Diba bank said, although he noted that increased trade from fellow EU members slightly offset the fall in exports to Britain.

Short URL : https://goo.gl/aZubKb
  1. https://goo.gl/Aat4vk
  • https://goo.gl/atFJGn
  • https://goo.gl/EVVioY
  • https://goo.gl/BSbJn1
  • https://goo.gl/yVt3KP

You can also read ...

Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...
The bankruptcy of investment bank Lehman Brothers on September...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus