Germany’s export market appears to be on the mend, with shipments out of the country once again showing month-on-month growth. However, the country’s trade surplus dipped as imports also increased.
Exports from Germany appeared to accelerate in figures released on Monday, boosting hopes that Europe’s largest economy emerged from a downturn.
Germany’s export-orientated economy was particularly hard hit in recent years by a slowdown in the global economy, temporarily high energy prices, and rising interest rates.
German exports for April rose by 1.6%, comfortably surpassing March’s 1.1% figure. However, imports also grew — by 2.0% compared to the previous month.
While goods worth €136.5 billion were exported from Germany, €114.5 billion in products were imported.
