German Exports Unexpectedly Fall Amid Recovery Doubts
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German exports unexpectedly fell in May, indicating the euro area’s sovereign debt crisis is disrupting a recovery in the region’s largest economy.
Exports, adjusted for working days and seasonal changes, dropped 2.4 percent from April, when they rose a revised 1.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast an increase of 0.1 percent, according to the median of 14 estimates in a Bloomberg News survey. Imports increased 1.7 percent from April.