Loading ...German exports are falling unexpectedly significantly
The weak demand on the world markets is increasingly putting a strain on the German economy. For the second month in a row, exports fell more than expected.
German exports fell for the second month in a row in August. Exports fell by 1.2 percent compared to the previous month to 127.9 billion euros, as the Federal Statistical Office announced today. Experts had only expected a decline of 0.4 percent. Exports had already fallen by 1.9 percent in July. Imports also fell: they fell by 0.4 percent to 111.4 billion euros. Economists had expected growth of 0.5 percent here.
“Frictional losses in supply chains, a more fragmented global economy and the fact that China is increasingly able to produce goods that it previously purchased from Germany are putting a strain on the German export economy.”