German exports rose in August amid signs the economic recovery is continuing in the euro area, the country’s biggest trading partner.
Exports, adjusted for working days and seasonal changes, increased 1 percent from July, when they decreased a revised 0.8 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 1.1 percent, according to the median of 16 estimates in a Bloomberg News survey. Imports rose 0.4 percent from July.
Unemployment in the 17-nation euro area has fallen from a record and retail sales climbed more than forecast in August. While the currency bloc’s recovery from its longest-ever recession is helping to support growth in Germany, Europe’s largest economy, headwinds such as the U.S. government shutdown remain.
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