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German exports rose in October by 1.2%

December, 09 2019
watermark Economic news

According to the Federal Statistical Office data, exports from Germany rose in October by 1.2% compared to September. Import figures have not changed. Analysts polled by The Wall Street Journal predicted a 0.3% decrease in exports.


In particular, German exports  in October amounted to 119.5 billion euros, imports – 98 billion euros. Export to the EU countries amounted to 70 billion euros, to other countries – 49.5 billion euros.


At the same time, October data  reflected a decrease in industrial production and the number of orders in the manufacturing industry in Germany, which signals a decline in the country's industrial sector.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.