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German Exports Log Unexpected Fall

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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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