Latest economic news from Berlin, Germany's trade surplus hit a record high in July, as a weaker safe haven currency euro helped bolster exports to countries outside the eurozone, particularly the U.S. Boosting Germany exports activities
According to The Federal Statistical Office said Tuesday that exports rose 2.4 percent to 103.4 billion euros ($115.25 billion), adjusted for calendar and seasonal variations. Imports rose 2.2 percent to 80.6 billion euros for a 22.8 billion euro surplus. This data is quite good enough, Germany trade surplus data put the trade surplus at 25 billion euros, a record high. Great for the whole European Union trade balance
Let's see the big picture as the perspective to European Union countries, German exports rose by an annual 6 percent to countries inside the European Union, and 5.5 percent to the countries using the euro currency. Exports to markets outside the EU surged 6.4 percent.
Meanwhile as reported from business insider, ING economist Carsten Brzeski says a weak safe haven currency Euro has helped boost exports, especially to the U.S., which became Germany's single most important trading partner in the first half. Slowly but sure Germany exporters more confident to expand their business
According to The Federal Statistical Office said Tuesday that exports rose 2.4 percent to 103.4 billion euros ($115.25 billion), adjusted for calendar and seasonal variations. Imports rose 2.2 percent to 80.6 billion euros for a 22.8 billion euro surplus. This data is quite good enough, Germany trade surplus data put the trade surplus at 25 billion euros, a record high. Great for the whole European Union trade balance
Let's see the big picture as the perspective to European Union countries, German exports rose by an annual 6 percent to countries inside the European Union, and 5.5 percent to the countries using the euro currency. Exports to markets outside the EU surged 6.4 percent.
Meanwhile as reported from business insider, ING economist Carsten Brzeski says a weak safe haven currency Euro has helped boost exports, especially to the U.S., which became Germany's single most important trading partner in the first half. Slowly but sure Germany exporters more confident to expand their business
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