German exports rise in October in solid start to Q4

  • 12/9/2020
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BERLIN, Dec 9 (Reuters) - German exports rose in October and foreign trade gave Europe’s largest economy a boost at the start of the fourth quarter as it struggles to avoid slipping into a double dip contraction. Seasonally adjusted exports rose 0.8% on the month after an increase of 2.3% in September, the Federal Statistics Office said on Wednesday. Imports rose 0.3% after an upward revision in the prior month’s figure to an increase of 0.2%. The trade surplus expanded to 18.2 billion euros. Economists polled by Reuters had expected exports to rise by 1.2% and imports to increase by 1.0%. The trade surplus was predicted to come in at 18.0 billion euros.

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