FOREX TradingCharts.com

Financial News: Germany Exports Rebound In October

Germany Exports Rebound In October

12/09/2021 - 06:06:00 (RTTNews)

(RTTNews) - Germany's exports grew for the first time in three months in October and also logged its strongest expansion in more than a year, data published by Destatis showed on Thursday.

Exports grew by adjusted 4.1 percent on a monthly basis in October, reversing a 0.7 percent fall in September. This was the biggest growth since July 2020 and also above the economists' forecast of 0.9 percent.

Imports advanced 5 percent on month, compared to the 0.4 percent increase posted in September. Imports were forecast to grow again by 0.4 percent in October. This was also the strongest since March.

As the increase in imports exceeded that of exports, the trade surplus fell to EUR 12.5 billion from EUR 12.9 billion in the previous month. The expected level was EUR 13.4 billion. On a yearly basis, exports growth improved to 8.1 percent from 7.2 percent. At the same time, imports surged 17.3 percent versus the 13.3 percent increase in the previous month.

Consequently, the trade surplus declined to an unadjusted EUR 12.8 billion from EUR 19.7 billion in the same period last year. Exports to the People's Republic of China rose by 8.5 percent compared with October 2020. Likewise, shipments to the United States increased 11.4 percent.

At the same time, the value of the goods imported from China was up 28.6 percent annually and imports from the United States were up 4.0 percent.

Further, data showed that the current account balance showed a surplus EUR 15.4 billion versus EUR 24.4 billion in the same period last year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China GDP Growth Slows In Q4; PBoC Cuts Lending Rate (01 hr(s), 55 min(s), 54 sec(s) ago)
(RTTNews) - China's economy grew at a slower pace in the fourth quarter of 2021 amid weak prop ...Full Story»

India Trade Deficit Widens In December (43 min(s), 06 sec(s) ago)
(RTTNews) - India's overall trade deficit widened in December with imports rising fast than ex ...Full Story»

U.S. Consumer Sentiment Drops More Than Expected Due To Inflation Worries (12 min(s), 06 sec(s) ago)
(RTTNews) - Inflation concerns have contributed to a bigger than expected drop in U.S. consumer se ...Full Story»

U.S. Business Inventories Jump 1.3% In November, More Than Expected (55 min(s), 06 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story»

U.S. Industrial Production Unexpectedly Edges Down 0.1% In December (07 min(s), 06 sec(s) ago)
(RTTNews) - Partly reflecting a sharp pullback in utilities output, the Federal Reserve released a ...Full Story»

U.S. Import Prices Unexpectedly Dip Amid Sharp Pullback In Fuel Prices (46 min(s), 06 sec(s) ago)
(RTTNews) - Import prices in the U.S. unexpectedly showed a modest decrease in the month of Decemb ...Full Story»

U.S. Retail Sales Unexpectedly Tumble Amid Higher Prices, Shortages (26 min(s), 06 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a steep dro ...Full Story»

U.S. Import Prices Unexpectedly Dip 0.2% In December (58 min(s), 06 sec(s) ago)
(RTTNews) - Import prices in the U.S. unexpectedly showed a modest decrease in the month of Decemb ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China GDP Growth Slows In Q4; PBoC Cuts Lending Rate

01/17/2022 - 00:49 AM (RTTNews)
(RTTNews) - China's economy grew at a slower pace in the fourth quarter of 2021 amid weak prop ...Full Story>>

India Trade Deficit Widens In December

01/14/2022 - 11:28 AM (RTTNews)
(RTTNews) - India's overall trade deficit widened in December with imports rising fast than ex ...Full Story>>

U.S. Consumer Sentiment Drops More Than Expected Due To Inflation Worries

01/14/2022 - 10:57 AM (RTTNews)
(RTTNews) - Inflation concerns have contributed to a bigger than expected drop in U.S. consumer se ...Full Story>>

U.S. Business Inventories Jump 1.3% In November, More Than Expected

01/14/2022 - 10:40 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story>>

U.S. Industrial Production Unexpectedly Edges Down 0.1% In December

01/14/2022 - 09:52 AM (RTTNews)
(RTTNews) - Partly reflecting a sharp pullback in utilities output, the Federal Reserve released a ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.