Despite ongoing debt crisis in Europe and the global economic slowdown, the German export has increased in September as a surprise. The value of exports increased compared to the strong calendar-and seasonally-adjusted 0.9 percent, as reported by the Federal Statistical Office in Wiesbaden.
Analysts had a seasonally and calendar-adjusted decline of 1.0 percent expected, after exports had increased in August by strong 3.2 percent. The company sold goods worth € 95 billion abroad - 10.5 percent more than a year earlier. ". Makes the hope for a solid third quarter, foreign trade has positive momentum," said Thomas Amend of HSBC Trinkaus and Jörg Lüschow by WestLB looks in the third quarter of good chances for a decent growth: "The external trade, the economy should have cranked. "
Imports decrease slightly | Won't last a day without you
Imports to Germany fell by 0.8 percent compared to the previous month. Analysts had reported an increase of 0.3 percent expected. Total goods worth 77.6 billion euros have been introduced - 11.6 percent more than a year earlier.
Orders break a
In late 2011 and early 2012, however, the outlook looks less encouraging, according Volkskwirt Lüschow from "The demand from abroad is weaker here, the companies are feeling the effects of debt circles.."
For while the numbers turned out to exports in September, well, it looks at the orders already made more difficult: They broke because of weak demand from the euro area countries in September to 4.3 percent - as much than it has been nearly three years . Orders from the euro area countries were 12.1 percent with this very strongly. About 40 percent of German exports end up in the monetary union.
Nevertheless, expect the industry association and the BGA German Industry and Commerce (DIHK), the export turnover this year for the first time surpassing the mark of one billion euros. From January to September, it had increased to around € 792 billion. These are 13.5 percent more than in the same period last year.
Analysts had a seasonally and calendar-adjusted decline of 1.0 percent expected, after exports had increased in August by strong 3.2 percent. The company sold goods worth € 95 billion abroad - 10.5 percent more than a year earlier. ". Makes the hope for a solid third quarter, foreign trade has positive momentum," said Thomas Amend of HSBC Trinkaus and Jörg Lüschow by WestLB looks in the third quarter of good chances for a decent growth: "The external trade, the economy should have cranked. "
Imports decrease slightly | Won't last a day without you
Imports to Germany fell by 0.8 percent compared to the previous month. Analysts had reported an increase of 0.3 percent expected. Total goods worth 77.6 billion euros have been introduced - 11.6 percent more than a year earlier.
Orders break a
In late 2011 and early 2012, however, the outlook looks less encouraging, according Volkskwirt Lüschow from "The demand from abroad is weaker here, the companies are feeling the effects of debt circles.."
For while the numbers turned out to exports in September, well, it looks at the orders already made more difficult: They broke because of weak demand from the euro area countries in September to 4.3 percent - as much than it has been nearly three years . Orders from the euro area countries were 12.1 percent with this very strongly. About 40 percent of German exports end up in the monetary union.
Nevertheless, expect the industry association and the BGA German Industry and Commerce (DIHK), the export turnover this year for the first time surpassing the mark of one billion euros. From January to September, it had increased to around € 792 billion. These are 13.5 percent more than in the same period last year.
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