Rising German Exports Hints Of Greater Europe Recovery

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.

Bloomberg

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