Germany's July Exports Fall 0.8% to €138.2 Billion as China Demand Drops 9.5%
Updated
Updated · Euronews · Sep 8
Germany's July Exports Fall 0.8% to €138.2 Billion as China Demand Drops 9.5%
3 articles · Updated · Euronews · Sep 8
Summary
€138.2 billion in July exports marked Germany's first monthly decline in five months, with the 0.8% drop coming in steeper than the 0.5% fall analysts expected.
A 9.5% slide in shipments to China and a 2.8% drop to eurozone partners outweighed a more than 19% rebound in exports to the United States.
Imports fell even faster—down 5.7% to €116.9 billion—widening Germany's trade surplus to €21.3 billion, though the gain reflected weaker domestic demand rather than stronger trade momentum.
The trade data follows disappointing July industrial production figures and raises doubts about whether Germany can sustain the 1.2% to 1.4% growth outlooks that think-tanks upgraded only last week.