German exports plunge in July

AFP, FRANKFURT: German exports fell sharply in July as demand weakened from outside the euro area, official data showed Friday, adding to a gloomy picture of slowing growth for the EU's economic powerhouse. Compared to June, exports dropped by 2.6 per cent to 97.1 billion euros ($109.4 billion) in seasonally-adjusted terms, the federal statistics office Destatis calculated, marking the biggest monthly fall since August 2015. Sales to countries outside the European Union such as China and the United States suffered the most, while there was also a steep fall in demand from non-eurozone EU countries, which include Britain.

German exports plunge in July

AFP, FRANKFURT: German exports fell sharply in July as demand weakened from outside the euro area, official data showed Friday, adding to a gloomy picture of slowing growth for the EUs economic powerhouse. Compared to June, exports dropped by 2.6 per cent to 97.1 billion euros ($109.4 billion) in seasonally-adjusted terms, the federal statistics office Destatis calculated, marking the biggest monthly fall since August 2015. Sales to countries outside the European Union such as China and the United States suffered the most, while there was also a steep fall in demand from non-eurozone EU countries, which include Britain.