German overseas sales expanded at fastest pace this year while imports sank

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Source: RTT News
© Scanpix/Reuters
German exports jumped 1.7% to 94.7 billion Euros in September, well ahead of expected 0.6% growth, while inbound shipments edged down 1.9%, missing forecast of 0.4% increase, thus creating a record high trade surplus of 20.4 Billion Euros on monthly basis in September, from prior EUR 13.3 Billion in August. The US Treasury, in its report to Congress, blamed Germany for destabilizing the equilibrium of European economy.
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Fri, 08 Nov 2013 14:47:03 GMT

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