German exports shrinks, trade surplus picks up

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Source: RTT News
German exports fell in May of this year much more than it was expected by economists, slipping 1.1% on a monthly basis after a considerable 2.6% advance in April. At the same time, imports plunged 3.4% in May, which lead to a strong surge in the trade surplus data. The positive trade balance increased to 17.8 billion euro versus a 13.6 euro surplus in May of the previous year.
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