European Exports Increase, Inflation Accelerates

European exports increased in August, suggesting the euro-region economy is weathering a global slowdown and a stronger euro.

Exports from the economy of the 16 nations that use the single currency rose a seasonally adjusted 1 percent from July, when they slipped 0.2 percent, the European Union’s statistics office in Luxembourg said today. Inflation accelerated to 1.8 percent in September from 1.6 percent in the previous month, it said in a separate statement. That’s the highest since November 2008 and in line with an initial estimate on Sept. 30.