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Exports boost for Germany

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Exports boost for Germany

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The German economy is set to pull off stronger growth in the second quarter after expanding modestly in the first.

The prediction comes after exports in Europe’s largest economy rose at their fastest pace this year in May and trade surplus hit a record high.

Seasonally adjusted exports climbed unexpectedly by 1.7 percent on the month while imports increased by 0.4 percent widening the trade surplus to 22.8 billion euros according to figures from the Federal Statistics Office. It is the highest since data was first collected in 1991.

Economists had expected exports to slip by 0.8 percent and imports to rise by 0.9 percent.