German Exports Unexpectedly Dropped in July
This article is for subscribers only.
German exports unexpectedly fell in in July, even as a recovery gathered pace in the 17-nation euro area, its biggest trading partner.
Exports, adjusted for working days and seasonal changes, fell 1.1 percent from June, when they gained 0.6 percent, the Federal Statistics Office in Wiesbaden said today. Economists predicted an increase of 0.7 percent, according to the median forecast of 13 estimates in a Bloomberg News survey. Imports rose 0.5 percent.