Thursday , May 13 2021

The German trade surplus has shrunk from US trade tensions

German exports have fallen more than expected on imports, reducing the country's trade surplus, as trade tensions with the United States have pushed the traditional engine of growth into the largest economy.

In Europe.

The Federal Statistical Office said exports were adjusted due to seasonal factors declined 0.8% on a monthly basis in September, as imports fell

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0.4%. Economists have reported an increase of 0.3% in exports and a 0.8% increase in imports, according to Reuters.

Germany's trade surplus dropped to 17.6 billion euros (20.09 billion dollars) from a revised 18.2 billion euros in August.

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