German Trade Surplus Grows as Exports Rise
The German trade surplus grew in November as exports increased and imports declined, official data showed on Monday.
Europe's biggest economy exported goods worth 90.7 billion euros ($115 billion) in seasonally-adjusted terms in November, 2.5 percent more than in October, the national statistics office Destatis said.
By contrast, imports declined 0.4 percent to 75.7 billion euros, so that the seasonally-adjusted trade surplus increased to 15 billion euros from 12.5 billion euros in October.
Taking the 11 months to November as a whole, German exports rose 12.1 percent over the year-earlier period to 976 billion euros, while imports were up 13.8 percent at 829.6 billion euros.
That meant the 11-month trade surplus increased by 2.9 percent to 146.4 billion euros.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://naharnet.com/stories/en/25961 |