By Maria Martinez
German exports continued their gradual recovery in June, increasing more than expected.
Exports rose 1.3% over the month in adjusted terms, the statistics office Destatis announced on Monday. Economists had forecast an increase of 0.4% in adjusted terms, according to a Wall Street Journal poll.
Imports rose 0.6% on the month, Destatis said. The figures take into account seasonal fluctuations and calendar effects.
In June, exports were up 1.1% and imports were up 10.0% from February 2020, the month before restrictions were imposed in Germany due to the coronavirus pandemic.
Germany’s trade surplus – the balance of merchandise exports and imports – totaled 13.6 billion euros ($ 16 billion) in calendar and seasonally adjusted terms in June, Destatis said. Economists polled by the Journal expected a trade surplus of 13.0 billion euros.
According to the provisional results of the central bank Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 22.5 billion euros in June, taking into account the trade balance of goods, including additional trade items , services, primary income and secondary income. .
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