German exports beat forecasts
German exports rose 2.0% month on month in September, beating the 0.5% market forecast. Imports increased 4.2%.
The seasonally and calendar-adjusted trade surplus narrowed to €15.6 billion from €17.9 billion in August. The figures were released on November 9.
The export recovery suggests some resilience in German industry's external demand. However, faster import growth and weaker exports to China warrant caution about the strength of the rebound.
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