empty
 
 

2010.11.0803:34:00UTC+00German Trade Surplus for September Widens on Positive Exports

News:

  • German exports grew twice as fast as expected in September, widening the trade surplus in a fresh sign the recovery in Europe's largest economy is holding up well
  • Seasonally adjusted, exports rose by 3 pct on the month, while imports fell by 1.5 pct - Federal Statistics Office
  • A Reuters poll had forecast exports would rise by 1.5 pct, with imports seen gaining 0.6 pct
  • The adjusted trade surplus grew to 15.6bn euros from 12bn in August; a surplus of 11.9bn euros had been expected
Quote:
  • Carsten Brzeski of ING financial markets said: "Today's numbers confirm that exports were a strong growth driver in the second quarter. Even better, this trend will not stop any time soon. Export expectations just reached a new record high and recent Chinese leading indicators, pointing to a renewed strengthening of Chinese import demand since the summer, bode also well for German exporters. Today's numbers confirm that the German export sector is alive and kicking"

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback