Germany's exports declined sharply in December, taking the trade surplus down as the global demand remained weak amid inflation concerns and recession worries.
Exports registered a monthly decline of 6.3 percent in December, reversing a 0.1 percent rise a month ago, Destatis reported Thursday. Shipments were forecast to fall moderately by 3.3 percent.
At the same time, the decline in imports deepened to 6.1 percent from 3.2 percent. Economists had expected a 0.8 percent drop for December.
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by Renju Jaya
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