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German posts record trade surplus as exports jump
(MENAFN- Saudi Press Agency) Germany posted a record trade surplus in May after a weaker euro helped to drive a surprise jump in exports, according to data released on Thursday, dpa reported.
Seasonally adjusted exports rose for the fourth consecutive month in
May, gaining 1.7 per cent after posting a 1.6-per-cent increase in
April, the statistics office (Destatis) said.
Analysts surveyed by dpa had expected a 0.8-per-cent drop in May
exports.
Monthly imports rose 0.4 per cent resulting in the trade surplus
widening to a record 22.8 billion euros (25.3 billion dollars).
Imports slumped 0.8 per cent in April.
Seasonally adjusted exports rose for the fourth consecutive month in
May, gaining 1.7 per cent after posting a 1.6-per-cent increase in
April, the statistics office (Destatis) said.
Analysts surveyed by dpa had expected a 0.8-per-cent drop in May
exports.
Monthly imports rose 0.4 per cent resulting in the trade surplus
widening to a record 22.8 billion euros (25.3 billion dollars).
Imports slumped 0.8 per cent in April.
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