German exports fell in February due to the weaker world economy as strong as for a year not more. They decreased by 1.3 percent compared to the previous month, as the Federal Statistical office announced on Monday.
Economists polled By Reuters had only expected a decline of 0.5 per cent, after it had been in January, a Mini-Plus of 0.1 percent. Thus, the company of the weak order development need to pay tribute to: The foreign orders were down in February to six percent. Imports shrank this time by 1.6 percent, more than twice as strong as expected.
Overall, the German companies sold in January and February, Goods to the value of 217.7 billion euros abroad and 2.8 percent more than a year earlier. While the exports to the EU grew by countries to 2.2 percent, the increase in the Rest of the world 3.7 percent. The foreign trade Association BGA expects for the full year, with an increase of up to three percent.
The export-dependent German economy, the increasing trade conflicts, to make the slowdown in the global economy and the risks of Brexit. The leading economic institutes lowered, therefore, last week its forecast for economic growth in Germany this year to 0.8 percent. 2018 the gross domestic product had increased by 1.4 percent.
(oli/sda)
Created: 08.04.2019, 09:25 PM