(MENAFN- Qatar News Agency) German exports rebounded in August amid signs of a pickup in the eurozone economy, data released Tuesday showed. Monthly exports climbed 1% compared with July when they fell 0.8%, the statistics office said.
Imports were up 0.4% after rising 0.3% in July
Analysts had expected the data would show exports from Europe's biggest economy grew by 1.1% in August and a 0.7% rise in imports, according to the (DPA) news agency
Key economic indicators point to the eurozone economy posting steady growth in the coming months after it emerged from an 18-month long recession in the second quarter
Germany exports were down 5.4% in August compared with the same month last year, while imports slumped 2.2% on the year, the statistics office said
The nation's monthly trade surplus narrowed to 13.1 billion euros (17.8 billion dollars) in August compared with 16.2 billion euros in July.
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