Monday, July 9, 2012

German exports up in May 2012 despite difficulties in eurozone


German exports up in May 2012 despite difficulties in eurozone

Germany's Federal Statistical Office says the country's exports rose in May despite difficulties in the 17-nation eurozone, but the trade balance narrowed as imports increased by an even greater amount.

Exports in May rose by a seasonally adjusted 3.9 percent while imports rose by 6.3 percent compared with the previous month, the office reported Monday.

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