Euro-Area Exports Increase 3% as Inflation Holds Below 2%
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Euro-area exports increased for the first time in three months, led by a rebound in Germany, while inflation held steady at 1.6 percent as the economy gathers strength after the longest recession since the debut of the single currency.
Exports from the 17-nation bloc rose a seasonally adjusted 3 percent in June from May, when they dropped 2.6 percent, the European Union’s statistics office in Luxembourg said today. Shipments from Germany, Europe’s biggest economy, gained 6.3 percent, after a 9 percent decline the prior month. The euro-area inflation rate remained at 1.6 percent in July, a separate report showed.