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German Exports Fall Unexpectedly in July

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German exports fell unexpectedly in July but imports rose, underscoring that the domestic economy will be key for growth in Germany this year as a weak global environment makes selling goods abroad hard.

Seasonally-adjusted exports dropped by 1.1 percent on the month, data from the Federal Statistics Office showed on Friday, missing the consensus forecast in a Reuters poll for a 0.8 percent increase.

Imports, forecast to gain 0.9 percent, rose by a less-than-expected 0.5 percent but an originally reported 0.8 percent fall in June was revised to a deeper 1.0 percent drop.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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