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German imports drop in December


German imports drop in December


German exports rose modestly in December from the previous month while imports unexpectedly dropped.

Analysts said that was a sign that the recovery in Europe’s largest economy – which has been driving the region’s growth – is losing momentum.

Adjusted for seasonal factors, exports rose by 0.5 percent in December while imports fell 2.3 percent from the previous month.

Detailed German GDP figures are due on February 24. The first estimates for the final quarter of 2010 showed growth of only 0.5 percent due to unusually severe winter weather.

Germany’s economy expanded by 3.6 percent last year.

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