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Unexpected decline in German exports narrows trade surplus

Reuters  |  BERLIN 

By Michael NienaberBERLIN (Reuters) - German exports fell unexpectedly in October while vibrant domestic demand pushed up imports, narrowing its trade surplus and adding to evidence that Europe's biggest economy started the fourth quarter on a weak footing, data showed on Friday.The German economy, which is expected to grow by more than 2 percent this year, is enjoying a consumer-led upswing, propelled by record-high employment, rising real wages, moderate inflation and ultra-low borrowing costs.Seasonally adjusted exports edged down by 0.4 percent on the month while imports jumped by 1.8 ...

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First Published: Fri, December 08 2017. 14:31 IST