Financial News: German Exports Fall; Imports Rise

German Exports Fall; Imports Rise

11/07/2024 - 04:09:00 (RTTNews)

(RTTNews) - Germany's exports declined for the first time in three months in September, while imports recovered from last month, data from Destatis showed on Thursday.

Exports slid 1.7 percent month-on-month in September, in contrast to the 1.2 percent increase in August. Shipments were forecast to grow 1.4 percent.

Meanwhile, imports grew 2.1 percent after a 2.6 percent fall seen in August. Economists had forecast imports to fall 0.4 percent.

As a result, the trade surplus fell to adjusted EUR 17.0 billion from EUR 21.4 billion in August. In the same period last year, the surplus was EUR 18.6 billion.

On a yearly basis, exports dropped 0.3 percent, while imports grew 1.3 percent. The unadjusted trade surplus totaled EUR 18.5 billion compared to EUR 20.3 billion in the last year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Bank Of England Cuts Rate For Second Time This Year (32 min(s) ago)
(RTTNews) - The Bank of England reduced its benchmark rate for the second time this year citing co ...Full Story»

German Construction Sector Downturn Deepens (01 hr(s), 45 min(s) ago)
(RTTNews) - Germany's construction sector downturn deepened in October with faster decreases i ...Full Story»

Eurozone Retail Sales Growth Softens In September (02 hr(s), 27 min(s) ago)
(RTTNews) - Eurozone retail sales growth softened in September largely reflecting a fall in food s ...Full Story»

Sweden Cuts Key Rate Aggressively To Support Economy (03 hr(s), 02 min(s) ago)
(RTTNews) - Sweden's central bank lowered its benchmark rate aggressively in order to support ...Full Story»

German Exports Fall; Imports Rise (04 hr(s), 02 min(s) ago)
(RTTNews) - Germany's exports declined for the first time in three months in September, while ...Full Story»

Germany Industrial Production Falls More Than Forecast (05 hr(s), 01 min(s) ago)
(RTTNews) - Germany's industrial production declined more than expected in September, data fro ...Full Story»

UK House Prices Rise For Fourth Straight Month (05 hr(s), 15 min(s) ago)
(RTTNews) - UK house prices increased for the fourth straight month to hit a record high in Octobe ...Full Story»

European Economic News Preview: BoE To Cut Interest Rate (06 hr(s), 11 min(s) ago)
(RTTNews) - The Bank of England is set to lower its benchmark rate by a quarter-point on Thursday ...Full Story»