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German exports fall for first time in five months
Shipments to China fell 9.5% and exports to other euro zone countries dropped 2.8%, Destatis said.
- German exports fell 0.8% to €138.2 billion in July, marking the first decline in five months, according to Destatis. The trade surplus widened to €21.3 billion as imports fell 5.7% to €116.9 billion.
- Shipments to China dropped 9.5% and exports to other parts of Europe fell 2.8%, dragging down performance. Analysts surveyed by FactSet had expected a smaller 0.5% decline, making the fall steeper than markets priced in.
- Exports to Germany's top destination jumped more than 19% as shipments continue recovering from weakness triggered by President Donald Trump's tariff blitz. This rebound provides contrast to broader European trade weakness.
- Indicators from earlier this year prompted several think-tanks last week to upgrade growth forecasts for this year to between 1.2% and 1.4%. These revisions suggest resilience despite the recent export weakness.
- Official data published on Tuesday revives doubts about the solidity of the recovery in Europe's biggest economy. Economists continue monitoring trade data to determine if July's slump signals a temporary setback or deeper trend.
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53 Articles
53 Articles
Due to declining demand, German companies exported fewer goods in July. But there is also good news: An industry reports a strong increase in orders and the prospect of new jobs.
·Hamburg, Germany
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German exports unexpectedly fell in July, snapping a five-month streak of growth. The latest data overshadowed expectations of a recovery in Europe's largest economy, Bloomberg reported.
·Budapest, Hungary
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Total News Sources53
Leaning Left3Leaning Right8Center9Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
15%
C 45%
R 40%
Factuality
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