Germany’s trade surplus grew strongly in July on the back of booming exports. The country exported a record amount of goods.
Germany exported goods worth €101 billion in July, up 4.7 percent from the figure for June and an increase of 8.5 percent on last July, the federal statistics office Destatis said in a statement. It was the highest amount of exports ever recorded in a month.
Imports, meanwhile, shrank by 1.8 percent to €76.1 billion.
That meant the seasonally adjusted trade surplus - the balance between imports and exports - increased to €22.2 billion in July from €16.4 billion in June.
Read the whole story: http://www.thelocal.de/20140908/germany-breaks-export-record-100-billion-euros.
Source: The Local - DPA