Germany’s economy has suffered another drop in overseas sales.
German exports dropped by 2% during February, statistics body Destatis reports, worse than the 0.5% fall expected by economists. On an annual basis, exports were down 4.4%.
Demand from other European countries softened, with exports to EU countries down by 3.9% month-on-month.
Exports to the People’s Republic of China fell by 0.6% to 8.0 billion euros, while exports to the UK fell 2%, but there was a 10.2% jump in exports to the US.
Imports swelled by 3.2% month-on-month, but were 8.7% lower than a year ago.
Via The Guardian
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