Germany’s exports and imports increased more than expected in September, data from Destatis revealed Monday.
Exports advanced 2.6 percent in September from a month ago, reversing a 5.2 percent drop in August. Economists had expected an increase of 2 percent.
Likewise, imports climbed 3.6 percent after falling 3.2 percent in the previous month. The growth rate also exceeded a 1 percent rise forecast by economists.
The trade surplus fell to a seasonally adjusted EUR 19.4 billion from about EUR 19.6 billion in August.
Meanwhile, on a yearly basis, exports growth eased to 4.4 percent in September from 5.9 percent in August and growth in imports slowed to 3.9 percent from 4.5 percent.
The trade surplus rose to an unadjusted EUR 22.9 billion from around EUR 15.4 billion in prior month. It was forecast to rise to EUR 20 billion.
The current account surplus came in at EUR 25.1 billion compared to a EUR 22.9 billion surplus logged in the same period of 2014.
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