German Exports Fell in June as Crisis Curbed Euro-Area Demand
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German exports dropped more than economists forecast in June as the sovereign debt crisis curbed demand from euro-area trading partners.
Exports, adjusted for work days and seasonal changes, fell 1.5 percent from May, when they jumped 4.2 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a 1.3 percent decline, according to the median of 15 estimates in a Bloomberg News survey. Imports fell 3 percent from May.