German Exports Suffer Sharp Fall in June

German exports fell more than expected in June and imports sank even more sharply, widening the trade surplus in Europe’s biggest economy, data showed on Tuesday.

Seasonally adjusted exports dropped by 2.8 percent, the sharpest fall since August 2015 that ended five consecutive months of growth. Imports were down 4.5 percent, the biggest drop since January 2009, data from the Federal Statistics Office showed.

Both figures confounded expectations in a Reuters poll that had pointed to exports edging down 0.3 percent and imports rising by 0.2 percent.

Reuters

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