German June Exports Drop, Adding to Signs of Economic Slowdown
This article is for subscribers only.
German exports declined in June, adding to signs Europe’s economy is losing momentum as the global recovery falters.
Exports, adjusted for work days and seasonal changes, fell 1.2 percent from May, when they increased 4.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a drop of 1 percent, according to the median of 13 estimates in a Bloomberg News survey. Imports rose 0.3 percent from the previous month, when they advanced 3.8 percent.