December 9, 2020
BERLIN (Reuters) – German exports rose in October and foreign trade gave Europe’s largest economy a boost at the start of the fourth quarter as it struggles to avoid slipping into a double dip contraction.
Seasonally adjusted exports rose 0.8% on the month after an increase of 2.3% in September, the Federal Statistics Office said on Wednesday. Imports rose 0.3% after an upward revision in the prior month’s figure to an increase of 0.2%.
The trade surplus expanded to 18.2 billion euros.
Economists polled by Reuters had expected exports to rise by 1.2% and imports to increase by 1.0%. The trade surplus was predicted to come in at 18.0 billion euros.
(Writing by Paul Carrel; Editing by Riham Alkousaa)
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