German Exports Log Strongest Growth In 10 Months

RTTNews | 312 days ago

(RTTNews) - Germany's exports rebounded in September as demand from the US increased for the first time after five months of decrease, data from Destatis showed on Friday. Exports grew by more-than-expected 1.4 percent in September, offsetting the 0.8 percent fall in August. This was the fastest monthly increase since last November and stronger than the forecast of 0.5 percent.

Similarly, imports logged a monthly expansion of 3.1 percent, following August's 1.4 percent decrease. The rate was the biggest since January. The expected growth was 0.5 percent.

As growth in imports exceeded exports growth, the trade surplus fell to EUR 15.3 billion from EUR 16.9 billion in August.

Year-on-year, exports were up 5.3 percent, in contrast to the 4.1 percent drop in August. Annual growth in imports accelerated to 7.5 percent from 0.9 percent.

On an unadjusted basis, the trade surplus fell to EUR 17.3 billion from EUR 18.7 billion in the previous year.

Data showed that shipments to the US increased for the first time after five consecutive decreases. Exports to the US gained 11.9 percent, while that to China dropped 2.2 percent.

At the same time, exports from the US and China increased 9.0 percent and 6.1 percent, respectively.

Today's data shows that German exports are not falling off a cliff, ING economist Carsten Brzeski said. However, half a year after US President Trump's 'Liberation Day', German exports have still not fully recovered, he noted.

The economist observed that the September increase in exports is too weak to dispel concerns about persistent structural weakness.

Tags: EUR

German ZEW Economic Sentiment Improves Moderately

German economic confidence improved moderately in September as experts were cautiously optimistic about economic recovery, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment rose less-than-expected to 34.7 in September from 34.2 in the previous month. The reading was seen at 39.8.

RTTNews | 19h 56min ago

ECB Raises Deposit Rate To 2.50% Amid Inflation Fears

The European Central Bank raised interest rates on Thursday, as expected, prompted by the fears of an inflation shock as energy prices surge amid the recent escalation of the Iran war.

RTTNews | 5 days ago

German Exports Fall For First Time In 6 Months

Germany's exports decreased for the first time in six months in July but the trade surplus increased more than expected due to the notable fall in imports, official data showed on Tuesday. Exports decreased 0.8 percent on a monthly basis in July, in contrast to the 0.9 percent increase in June, Destatis said.

RTTNews | 7 days ago

Eurozone Economic Growth Revised Up To 0.6%

The euro area economy expanded more than initially estimated in the second quarter, underpinned by exports and consumer spending, revised data from Eurostat showed Monday. Gross domestic product grew 0.6 percent sequentially after remaining flat in the first quarter. The second quarter growth was revised up from 0.4 percent estimated previously.

RTTNews | 8 days ago

Eurozone Investor Confidence Strongest Since 2022

Eurozone investor sentiment rose for the fifth straight month in September, reaching its highest level since early 2022, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index climbed more-than-expected to 5.1 in September from 0.9 in August. The reading was seen at 2.1. The latest reading was the highest since February 2022.

RTTNews | 8 days ago

German Industrial Output Falls Most In 11 Months

Germany's industrial output declined at the fastest pace in almost a year in July, largely reflecting a multi-week production shutdown in the automotive industry, official data revealed Monday. Industrial production fell 1.1 percent on a monthly basis in July after remaining flat in June. This was the biggest decline since last August, when output was down 2.1 percent.

RTTNews | 8 days ago

German Factory Orders Growth Beats Expectations

Germany's factory orders grew more than expected in July, reflecting the strong order growth in the manufacture of ships, railway rolling stock and aircraft, official data revealed Friday. Factory orders increased 2.5 percent on a monthly basis in July but slower than the revised 3.7 percent expansion seen in June. Orders were expected to rise 0.3 percent.

RTTNews | 11 days ago

Eurozone Private Sector Logs Robust Growth

The euro area private sector posted robust growth in August as the industrial economy gained momentum and services activity expanded for a second consecutive month, final survey data from S&P Global showed Thursday. The final composite output index posted 52.0 in August, unchanged from July's eight-month high and slightly down from the flash score of 52.1.

RTTNews | 12 days ago

EURUSD	1.15464	GBPUSD	1.34787
USDJPY	155.111	USDCAD	1.39344