German Exports Rose in March Despite Pandemic Restrictions
May 07 2021 - 2:38AM
Dow Jones News
By Maria Martinez
German exports continued their recovery in March despite the
continuation of lockdown restrictions aimed at containing the
coronavirus pandemic.
The country's exports rose 1.2% in March from February in
adjusted terms, statistics office Destatis said Friday. Economists
had forecast a 0.5% increase in adjusted terms, according to a poll
by The Wall Street Journal.
Imports in March increased 6.5% on month. The figures account
for seasonal swings and calendar effects.
Germany's trade surplus--the balance of exports and imports of
goods--totaled 14.3 billion euros ($17.2 billion) in calendar and
seasonally adjusted terms in March, Destatis said. Economists
polled by The Wall Street Journal forecast the trade surplus at
EUR19.0 billion.
According to provisional results from central bank Deutsche
Bundesbank, the current account of the balance of payments showed a
EUR30.2 billion surplus in March, taking into account the balances
of trade in goods including supplementary trade items, services,
primary income, and secondary income.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
May 07, 2021 02:23 ET (06:23 GMT)
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