German exports dip .4 percent on the month; up 26.8 pct on the yearBy AP
Friday, October 8, 2010
German exports dip on the month
BERLIN — Official data show that German exports dipped .4 percent on the month in August, compared with the previous month, but were up 26.8 percent over the same month last year.
August was the second straight month the Federal Statistical Office reported a drop in exports, after months of growth. Strong exports helped push the German economy — Europe’s biggest — to growth of 2.2 percent in the second quarter.
Germany exported goods and services worth euro75.1 billion ($104.9 billion) in August.
Imports totaled euro66.1 billion — up .9 percent on the month and 29.2 percent higher than a year earlier.
Germany’s foreign trade surplus fell to euro11.7 billion in August from euro13.5 billion in July.
Germany is the world’s No. 2 exporter after China.