German exports post biggest rise in more than six years

German exports post biggest rise in more than six years
 

German exports rebounded more than expected in August, posting their biggest rise in more than six years and dispelling fears that Europe's biggest economy is heading for a slowdown.
Seasonally adjusted exports rose by 5.4 percent, their biggest rise since May 2010, data from the Federal Statistics Office showed on Monday, while imports increased by 3.0 percent.
The data signals that exports, which had been weakening and losing their traditional role as the main growth driver in Germany, will contribute to an expected expansion in the third quarter.
A Reuters poll had pointed to exports... read more

 
10 October 2016 in Business, Views: 31
Source: Reuters
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