AIRLINK 149.30 Decreased By ▼ -2.40 (-1.58%)
BOP 10.37 Increased By ▲ 0.18 (1.77%)
CNERGY 7.24 No Change ▼ 0.00 (0%)
CPHL 84.80 Decreased By ▼ -0.60 (-0.7%)
FCCL 45.70 Decreased By ▼ -0.72 (-1.55%)
FFL 15.67 Decreased By ▼ -0.03 (-0.19%)
FLYNG 57.40 Increased By ▲ 2.89 (5.3%)
HUBC 135.15 Decreased By ▼ -1.85 (-1.35%)
HUMNL 11.53 Increased By ▲ 0.25 (2.22%)
KEL 5.28 Decreased By ▼ -0.10 (-1.86%)
KOSM 5.99 Decreased By ▼ -0.12 (-1.96%)
MLCF 83.50 Increased By ▲ 0.96 (1.16%)
OGDC 214.50 Increased By ▲ 1.45 (0.68%)
PACE 6.18 Decreased By ▼ -0.14 (-2.22%)
PAEL 41.00 Decreased By ▼ -0.44 (-1.06%)
PIAHCLA 23.90 Decreased By ▼ -0.26 (-1.08%)
PIBTL 8.49 Increased By ▲ 0.23 (2.78%)
POWER 13.82 Decreased By ▼ -0.06 (-0.43%)
PPL 167.11 Decreased By ▼ -0.12 (-0.07%)
PRL 31.60 Decreased By ▼ -0.33 (-1.03%)
PTC 24.15 Decreased By ▼ -0.38 (-1.55%)
SEARL 89.37 Decreased By ▼ -0.51 (-0.57%)
SSGC 45.00 Increased By ▲ 1.72 (3.97%)
SYM 14.97 Increased By ▲ 0.13 (0.88%)
TELE 7.88 Decreased By ▼ -0.03 (-0.38%)
TPLP 9.34 Increased By ▲ 0.08 (0.86%)
TRG 65.20 Increased By ▲ 1.69 (2.66%)
WAVESAPP 9.30 Decreased By ▼ -0.02 (-0.21%)
WTL 1.62 No Change ▼ 0.00 (0%)
YOUW 4.18 Decreased By ▼ -0.25 (-5.64%)
BR100 13,134 Increased By 28.2 (0.22%)
BR30 38,014 Increased By 18.9 (0.05%)
KSE100 121,971 Decreased By -254.3 (-0.21%)
KSE30 36,913 Decreased By -43.1 (-0.12%)
Top News

Germany's trade surplus shrinks amid debt crisis

FRANKFURT : Germany 's trade surplus slipped to 10.4 billion euros in July from 12.7 billion in June, the government's
Published September 8, 2011

tradeFRANKFURT: Germany's trade surplus slipped to 10.4 billion euros in July from 12.7 billion in June, the government's Destatis statistics office said Thursday, amid the deepening euro debt crisis.

The current account surplus was also in retreat, falling back to 7.5 billion euros in July from 11.5 billion the previous month.

The drop was bigger than economists surveyed by Dow Jones Newswires had expected. They forecast a trade surplus of 11.4 billion euros.

Exports from Germany, the world's second-biggest exporter after China, fell 1.8 percent on the month to 86.9 billion euros, according to figures adjusted for seasonal and calendar effects.

Meanwhile, imports fell only slightly in July, by 0.3 percent to 76.7 billion euros.

Europe's top economy has weathered the financial market storms generally better than its neighbours, expanding by 3.6 percent last year.

Chancellor Angela Merkel has said that growth will be about the same this year, a forecast many economists see as too bullish given the headwinds from the eurozone debt crisis.

 

Copyright AFP (Agence France-Presse), 2011

 

Comments

Comments are closed.