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German exports unexpectedly drop
10-03-2010 08:46
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German exports unexpectedly fell in January following four months of gains, official figures showed on Wednesday.
Exports dropped 6.3% to €67.9bn in January compared with December 2009, while imports rose by 6% to €59.2bn, according to the Federal Statistical Office.
On an annual basis, exports increased by 0.2% and imports dropped by 1.4%.
Germany's seasonally adjusted foreign trade balance recorded a surplus of €8.7bn, down from €16.6bn in December and much less than forecasts of €16bn.
Exports dropped 6.3% to €67.9bn in January compared with December 2009, while imports rose by 6% to €59.2bn, according to the Federal Statistical Office.
On an annual basis, exports increased by 0.2% and imports dropped by 1.4%.
Germany's seasonally adjusted foreign trade balance recorded a surplus of €8.7bn, down from €16.6bn in December and much less than forecasts of €16bn.
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