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German exports rise more than expected in May

Reuters  |  BERLIN 

(Reuters) - German exports rose by more than imports in May, widening the trade surplus, data showed on Monday, in a further sign that Europe's biggest remains in robust form despite trade tensions the

Seasonally adjusted exports rose by 1.8 percent on the month, data from the showed. Imports rose by 0.7 percent.

A poll had pointed to exports rising by 0.75 percent and imports falling by 0.3 percent.

The seasonally adjusted trade surplus widened to 20.3 billion euros ($23.90 billion) from 19.0 billion euros in April. The reading topped the consensus forecast of 20.0 billion euros.

Germany's wider current account surplus, which measures the flow of goods, services and investments, fell to 12.6 billion euros from 23.5 billion euros in April, unadjusted data showed.

($1 = 0.8495 euros)

(Writing by Paul Carrel; editing by Jason Neely)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 12:07 IST