(MENAFN) Official data showed that German exports and industrial production both dropped in June, however, failing to hinder outlook of German economic growth in coming months.
In seasonal and working-day adjusted terms, German exports declined by 1 percent in June on May. Imports also fell by 0.5 percent month-on-month, data from Destatis showed.
Net foreign trade, the balance between exports and imports, thus narrowed to about USD24.05 billion, but remained near its record high level, Destatis released data showed.
A separate report from Destatis showed industrial output also fell monthly by 1.4 percent in adjusted terms in June, mainly due to a setback in construction production which slumped by 4.5 percent.
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