German Exports Rose in October, Imports Remained Flat
December 09 2019 - 2:48AM
Dow Jones News
By Maria Martinez
German exports rose in October, Germany's statistics office
Destatis said Monday, beating a forecast decline.
German exports were up 1.2% in October from September in
adjusted terms, while imports remained flat on the month, the
statistics office said. The figures account for seasonal swings and
calendar effects. Economists had forecast a 0.3% decrease in
exports in adjusted terms, according to a Wall Street Journal
poll.
The export data follows declines in industrial output and
manufacturing orders reported last week, suggesting a slump in
German industrial activity.
Germany's trade surplus--the balance of exports and imports of
goods--totaled 20.6 billion euros ($22.8 billion) in calendar and
seasonally adjusted terms in October, according to Destatis. This
exceeds The Wall Street Journal's forecast of EUR18.9 billion.
Exports totaled EUR119.5 billion, while imports amounted to
EUR98.0 billion, both in adjusted terms. Of the exports, EUR70.0
billion went to European Union member states and EUR49.5 billion to
third countries, the office said.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
December 09, 2019 02:33 ET (07:33 GMT)
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