Unexpectedly large surplus in German trade

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Unexpectedly large surplus in German trade
Photo: Michael Probst/AP/TT

German exports rose 0.1 percent in October compared to September, according to the German statistics agency Destatis. This compares with an average forecast of plus 0.2 percent for exports, according to Bloomberg.

Imports fell by 1.2 percent, compared to an expected decline of 0.5 percent.

Overall, the development resulted in a surplus in Germany's international trade of 16.9 billion euros, up from 15.3 billion in September. Analysts had expected an increase to 15.7 billion.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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