in Spite of international trade conflicts, the German foreign trade in October was better than expected. Exports have increased, according to data from the Federal Statistical office in the month compared to 0.7 percent. Analysts had expected on average an increase of 0.4 percent.
“After the last weak months, this gives the German economy a breath in a rather weak year for Exports in 2018,” said Volker driver from the German chambers of industry and Commerce (DIHK). The good October, but could not hide the fact that in the entire year, the momentum in world trade has declined. The would feel the German exporters.
The German economy was, according to the calculations of economic researchers contracted in the summer for the first Time since the beginning of 2015.
Also, according to Carsten Brzeski, ING’s chief economist, Germany, bring the data “some relief” after the weak summer months. “However, there is still a long way until the engine of Growth for the German economy will again reach its full strength.” The data showed that the trade conflicts, and a General slowdown in the global economy have left their mark on the German export economy.
in Total were run in October to a value of 117.2 billion euros. According to the Federal office of 8.5 per cent more than the previous year. In the ten months to October, the exports in comparison to the prior-year period had risen by 4.1 per cent, it said.