BREAKING NEWS
This content is not available in your region

Surging exports lend a fillip to flagging German economy

Surging exports lend a fillip to flagging German economy
FILE PHOTO: Containers are seen at a terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer   -   Copyright  Fabian Bimmer(Reuters)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.