FOREX TradingCharts.com

Financial News: German Exports Fall More Than Forecast

German Exports Fall More Than Forecast

02/05/2024 - 02:16:00 (RTTNews)

(RTTNews) - Germany's exports and imports declined more than expected in December, figures from Destatis revealed on Monday.

Exports posted a monthly decrease of 4.6 percent in December, in contrast to the 3.5 percent increase in November. Shipments were expected to drop 2.0 percent.

Likewise, imports fell 6.7 percent, reversing a 1.5 percent gain in November. Economists had forecast imports to drop moderately by 1.8 percent.

As the decline in imports exceeded the fall in exports, the trade surplus rose to EUR 22.2 billion from EUR 20.8 billion a month ago. The surplus was forecast to fall to EUR 19.8 billion.

On a yearly basis, the decline in exports deepened to 10.7 percent from 4.8 percent in the previous month. Similarly, imports decreased at a faster pace of 16.2 percent after a 12.4 percent fall. The unadjusted foreign trade balance showed a surplus of EUR 16.6 billion in December compared to a surplus of EUR 11.6 billion in the same period last year, Destatis reported.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Manufacturing PMI Falls To 47.2 In February - Jibun (58 min(s), 44 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract, and at a faster pace, the lat ...Full Story»

Australia Manufacturing Sector Slips Into Contraction - Judo Bank (24 min(s), 44 sec(s) ago)
(RTTNews) - The manufacturing sector in New Zealand fell into contraction in February, the latest ...Full Story»

New Zealand Has NZ$976 Million Trade Shortfall (17 min(s), 44 sec(s) ago)
(RTTNews) - New Zealand posted a merchandise trade deficit of NZ$976 million in January, Statistic ...Full Story»

South Korea Rate Decision On Tap For Thursday (52 min(s), 44 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

Fed Officials Wary Of Cutting Rates 'Too Quickly,' Minutes Reveal (45 min(s), 44 sec(s) ago)
(RTTNews) - With risks to the outlook for inflation still seen as tilted slightly to the upside, t ...Full Story»

U.K. Pay Awards Fall As Economy Slips Into Recession (32 min(s), 44 sec(s) ago)
(RTTNews) - U.K. employers lowered the pay awards in settlements at the start of the year as the e ...Full Story»

Eurozone Consumer Confidence Improves More Than Expected (02 min(s), 44 sec(s) ago)
(RTTNews) - Euro area consumer confidence improved more than expected in February after deteriorat ...Full Story»

EU Exports To Russia Down To More Than A Third Since Ukraine War (22 min(s), 44 sec(s) ago)
(RTTNews) - EU exports to Russia have shrunk to 37 percent of their level since the war in Ukraine ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Manufacturing PMI Falls To 47.2 In February - Jibun

02/21/2024 - 19:39 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to contract, and at a faster pace, the lat ...Full Story>>

Australia Manufacturing Sector Slips Into Contraction - Judo Bank

02/21/2024 - 17:05 PM (RTTNews)
(RTTNews) - The manufacturing sector in New Zealand fell into contraction in February, the latest ...Full Story>>

New Zealand Has NZ$976 Million Trade Shortfall

02/21/2024 - 16:58 PM (RTTNews)
(RTTNews) - New Zealand posted a merchandise trade deficit of NZ$976 million in January, Statistic ...Full Story>>

South Korea Rate Decision On Tap For Thursday

02/21/2024 - 16:33 PM (RTTNews)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story>>

Fed Officials Wary Of Cutting Rates 'Too Quickly,' Minutes Reveal

02/21/2024 - 14:26 PM (RTTNews)
(RTTNews) - With risks to the outlook for inflation still seen as tilted slightly to the upside, t ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.