FRANKFURT (AFP) – German exports rose unexpectedly in August as demand from the United States (US) and China picked up, official data showed yesterday, offering a rare bright spot for Europe’s struggling top economy.
Exports climbed by 1.3 per cent on the previous month and stood at EUR131.9 billion (USD144.7 billion), federal statistics agency Destatis said.
It was the second monthly increase in a row and surprised analysts surveyed by financial data firm FactSet who had predicted a 1.8-per cent drop in exports.
The increase was led by a 5.5-per cent jump in exports to the US, once again the biggest importer. Exports to China, Germany’s top trading partner in 2023, rose by 1.9 per cent.
