Rise in Exports Offers Germany Hope of Avoiding Fourth-Quarter Slump



Paul Carrel | Michelle Adair | Maria Sheahan | Reuters

Seasonally adjusted exports rose 2.3% on the month after an upwardly revised 2.9% rise in August, the Federal Statistics Office said. Imports fell by 0.1% after a rise of 5.8% the previous month. The trade surplus expanded to 17.8 billion euros, the Office said.

Economists polled by Reuters had expected exports to rise by 2.0% and imports to increase by 2.1%. The trade surplus was predicted to come in at 15.8 billion euros.

“Looking ahead, exports (and industrial production) could still prevent the economy from falling into a second lockdown depression in the final quarter of the year,” ING economist Carsten Brzeski said.

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