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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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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.