Global Economic News

German Exports Log Strongest Growth In 10 Months

Germany's exports rebounded in September as demand from the US increased for the first time after five months of decrease, data from Destatis showed on Friday.

Exports grew by more-than-expected 1.4 percent in September, offsetting the 0.8 percent fall in August. This was the fastest monthly increase since last November and stronger than the forecast of 0.5 percent.

Similarly, imports logged a monthly expansion of 3.1 percent, following August's 1.4 percent decrease. The rate was the biggest since January. The expected growth was 0.5 percent.

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by Renju Jaya

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