Germany's exports and imports declined unexpected in October amid the weaker trade activity within Europe, preliminary figures from the statistical office Destatis showed Monday.
Exports decreased for a second month in a row, down a calendar and seasonally adjusted 0.2 percent month-on-month, while economists were looking for a 1.1 percent gain. In September, shipments fell 2.5 percent.
Imports shrunk for a fifth straight month. They fell 1.2 percent from the previous month after a 1.9 percent decline in September. Economists had forecast 0.8 percent growth.
Compared to the previous month, exports to the EU countries fell 2.7 percent and imports from these countries slid 2.8 percent.
by Jyotsna V
For comments and feedback: contact editorial@rttnews.com