German exports down in July
2023.09.04 02:40
© Reuters. FILE PHOTO: A crane lifts a shipping container at the HHLA Container Terminal Altenwerder on the River Elbe in Hamburg, Germany, March 31, 2023. REUTERS/Phil Noble/File Photo
BERLIN (Reuters) -German exports fell in July as global demand continues to falter, data from the federal statistics office showed on Monday.
German exports fell in July by 0.9% on the previous month. A Reuters poll had predicted a month-on-month decrease of -1.5%.
Imports rose 1.4% on the month, the statistics office data showed.
The foreign trade balance showed a surplus of 15.9 billion euros ($17.15 billion) in July, down from a 18.7 billion euros the previous month.
Exports to European Union countries were up 0.5% on the month, while exports to non-EU countries declined 2.5% compared with the previous month, the office said.
German exports expectations have deteriorated slightly due to weak foreign demand, an Ifo survey showed in August.
($1 = 0.9273 euros)
(Rerpoting by Maria Martinez, Writing by Friederike Heine, editing by Alex Richardson)
