German exports, imports disappoint in May


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) — German exports fell more than expected in May while imports dropped sharply, adding to data that point to a weak second quarter for Europe's biggest economy and also pushing up the country's trade surplus.

The Federal Statistical Office said Tuesday that exports were down 1.1 percent compared with the previous month, a steeper drop than the 0.4 percent decline economists expected. Imports fell 3.4 percent.

Germany's May trade surplus was 18.8 billion euros ($25.6 billion), up from 17.7 billion euros in April.

Germany's economy grew a robust 0.8 percent in the first quarter compared with the previous three-month period, but disappointing recent data have fed expectations of slower second-quarter growth.

Factory orders and industrial production in May were below expectations amid slowing growth in China and tensions over Ukraine.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast