Germany's exports declined for the second straight month in August as higher trade tariffs weighed on shipments to the United States, official data revealed Thursday.
Exports dropped 0.5 percent in August from July, following a decline of 0.2 percent in July, Destatis said. The drop came in contrast to the expectations for an increase of 0.3 percent.
At the same time, the decline in imports worsened to 1.3 percent from 0.7 percent. The pace of fall was also sharper than the forecast of 0.5 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.