Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
German exports drop sharply in July
2016/9/12 14:27:12 Source:Xinhua

BERLIN, Sept. 9 (Xinhua) -- German exports fell sharply in July, official data showed on Friday, concluding the past week which saw disappointing figures of economic performance.

Compared with June, German exports dropped by 2.6 percent in July, said German federal statistics office Destatis. Imports also declined by 0.7 percent.

Germany's trade surplus, the balance between exports and imports, narrowed to 19.4 billion euros (21.8 billion U.S. dollars) in July from 21.4 billion euros in the previous month.

"The foreign trade starts the second half year with a crash landing," said Anton F. Boerner, head of German foreign traders'association BGA.

"The unusually high number of crises left their mark. This leads to an enormous amount of uncertainty, which is accompanied by a lack of investment,"he added.

The data on Friday added another sign that Europe's biggest economy started the third quarter on a weak footing.

Germany's industrial output slumped in July, factory orders growth in the month also missed economists' expectation, suggesting subdued industrial activity in the autumn.

"Today's data confirm the picture already painted by earlier industrial data: the former powerful engine of the German economy, industry, is stuttering," said Carsten Brzeski, ING DiBa bank's chief economist.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn