German exports unexpectedly fell in November. Although disruptions in supply chains eased, high inflation and market uncertainty continued to put pressure on the German economy.
According to Destatis data, exports in November decreased by 0.3 percent compared to the previous month and became 135.1 billion euros. Economists had expected 0.2 percent growth.
In November, imports also fell more than expected. The expected decrease of 0.5 percent was realized as 3.3 percent. Imports amounted to 124.4 billion euros.
Germany’s trade surplus in seasonally adjusted terms was 10.8 billion euros in November. The expectation was that there would be a surplus of 7.5 billion euros.
foreks.com