German exports up 0.9 per cent in June and imports surge, trimming the country’s trade surplus

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BERLIN – German exports rose 0.9 per cent in June compared with the previous month, while the strongest rise in imports to Europe’s biggest economy for nearly four years trimmed the country’s trade surplus.

The export figure reported Friday by the Federal Statistical Office was slightly better than economists’ 0.8 per cent forecast and followed a 1.1 per cent drop in May. Imports surged 4.5 per cent, the biggest month-on-month rise since November 2010, following a 3.4 per cent drop in May.

Germany’s trade surplus for June was 16.2 billion euros ($21.7 billion), down from 18.8 billion euros in May. June imports were 1.1 per cent higher than a year earlier, while imports rose 2.1 per cent.

The trade data follow disappointing factory orders and industrial production figures this week that underlined expectations of lacklustre second-quarter economic growth.

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