BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters.
According to statistics office data released on Monday, Germany exported 1.2% more in October than in the previous month on a seasonally adjusted basis, defying analysts’ predictions of a 0.7% fall.
Exports grew particularly strongly to non-European countries: while sales to European Union countries were up 0.1% compared to a year ago, the value of German goods sold to non-European countries rose by 4.6%.
At 20.6 billion euros, the seasonally adjusted trade surplus was wider than the 19 billion euros analysts had expected.
(Reporting by Thomas Escritt)