Germany's exports registered a surprise drop in May, while imports rebounded after falling for two straight months, reflecting uncertainties surrounding the global demand and the contribution of net trade to economic growth. Exports decreased 0.1 percent month-on-month in May, reversing a 1.0 percent gain in April, data from Destatis showed on Tuesday. Shipments were forecast to grow 0.3 percent.
At the same time, imports rebounded 1.7 percent after a 0.1 percent drop. However, this was weaker than economists' forecast of 3.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.