German exports jump unexpectedly in August

08 Oct, 2012

 

Seasonally adjusted exports jumped 2.4 percent month-on-month and imports inched up just 0.3 percent, data from the Federal Statistics Office showed.

 

The consensus forecasts in a Reuters poll of economists were for exports to slide 0.5 percent and imports to gain 0.3 percent.

 

The seasonally-adjusted trade surplus widened to 18.3 billion euros from a revised 16.3 billion euros in July.

 

The consensus forecast was for it to narrow to 15.3 billion euros.

 

Copyright Reuters, 2012

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