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Germany May Unadjusted Exports Soar 14% YoY; Trade Surplus Widens to EUR22B
Federal Statistical Office (Destatis) announced that in May, Germany's unadjusted total value of exports soared 14% yearly to EUR110.6 billion, as compared to 2.9% fall in April; t...
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<European Economy>Germany May Unadjusted Exports Soar 14% YoY; Trade Surplus Widens to EUR22B
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2017/07/10 14:21
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Federal Statistical Office (Destatis) announced that in May, Germany's unadjusted total value of exports soared 14% yearly to EUR110.6 billion, as compared to 2.9% fall in April; total value of imports saw yearly increase accelerated to 16.2% to EUR88.6 billion (rising for seven straight months). During the period, trade surplus widened 6.3% yearly to EUR22 billion, ending months of narrowing surplus, also exceeding market expectation of EUR18.3 billion surplus.
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