Economy

xchrom

(108,903 posts)

11. There's Finally A Good Economic Report Out Of Germany

Mon Sep 8, 2014, 05:21 AM

Sep 2014

http://www.businessinsider.com/afp-german-trade-surplus-hits-record-in-july-2014-9

Frankfurt (AFP) - The outlook for the German economy, Europe's biggest, brightened on Monday when data showed the country's trade surplus hit a new record in July on the back of booming exports.
After allowance for seasonal blips, Germany exported goods worth a total of 98.2 billion euros ($127 billion) in July, 4.7 percent more than in June, the federal statistics office Destatis said in a statement.

Imports, on the other hand, shrank by 1.8 percent to 76.1 billion euros.

That meant the seasonally adjusted trade surplus -- the balance between imports and exports -- increased to 22.2 billion euros in July from 16.4 billion euros in June.

Read more: http://www.businessinsider.com/afp-german-trade-surplus-hits-record-in-july-2014-9#ixzz3CiavGdUZ

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