Sign into fxTrade

Don't have an account? Register now

German Trade increases sharply

German imports have risen at their fastest rate since unification in 1990, outpacing a sharp rise in exports.

Imports rose by 14.8% in May compared with the previous month, while exports grew by 9.2%. Both figures were much higher than analysts had expected.

As a result, Germany’s trade surplus narrowed to 10.6bn euros ($13.4bn; £8.8bn) for the month.

Analysts said the data showed Europe’s biggest economy was growing strongly.

The reason, they said, was strong demand for German goods in Asia. A weakening euro, which makes the goods cheaper overseas, had also helped.

The euro has been hit in recent months by concerns about government debt levels and, more recently, by fears about the liquidity levels of banks.

BBC World News

Recent Articles

Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Posted by Dean Popplewell at 9:32 am UTC, 05/23/2012
Posted by Staff at 7:27 am UTC, 05/23/2012

Forex Insights »

Posted under USD, EUR, GBP, CHF, JPY at 12:53 pm UTC, 05/23/2012
Posted under USD, EUR, GBP, CHF, JPY at 12:52 pm UTC, 05/23/2012
Leave a Comment

Latest Articles

Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Posted by Dean Popplewell at 9:32 am UTC, 05/23/2012
Posted by Staff at 7:27 am UTC, 05/23/2012
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%