empty
 
 

2018.12.1002:43:00UTC+00German Exports Grow Most In 5 Months; Tops Expectations

Germany's merchandise exports grew more-than-expected in October and at the fastest pace in five months, preliminary figures from Destatis showed on Monday. Exports increased a calendar ad seasonally adjusted 0.7 percent from September, when they declined 0.4 percent. Economists had forecast a 0.4 percent gain for November.

Imports rose 1.3 percent monthly after stagnation in the previous month, and . Economists were looking for a 0.5 percent gain.

Exports grew 8.5 percent year-on-year and imports rose 11.3 percent.

The calendar and seasonally adjusted surplus was EUR 17.3 billion in October. The trade balance was EUR 18.3 billion in October, unchanged from September. Economists had forecast a EUR 17.1 billion surplus. A year ago the surplus was EUR 19.1 billion. The current account surplus was EUR 15.9 billion in October versus EUR 19.5 billion in the same month last year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback