German exports rose in December
Friday, 8 February 2019 17:07 WIB | ECONOMY |Ekonomi JermanJerman Ekspor

German exports rose in December compared with November, according to official data, possibly offering some relief amid mounting concern about a slowdown in both the eurozone and its largest economy.

The Federal Statistical Office said Friday that exports increased 1.5% from the month before while imports rose 1.2%, with both figures taking into account seasonal swings and calendar effects.

The rise in German exports follows an bleak string of weak economic data--including a slump in manufacturing orders--that has fanned fears that Germany's economy is faltering. On Thursday, the European Commission lowered its GDP growth forecast for Germany to 1.1% for 2019 compared with 1.8% previously.

Compared with December 2017, exports to EU member states fell 4.6%. Shipments to the eurozone declined 4.1% and those to non-eurozone countries posted a steeper drop of 5.5%.

Germany's adjusted trade surplus--the balance of exports and imports of goods--came to 19.40 billion euros ($22.02 billion). Economists polled by the Wall Street Journal had forecast EUR18.5 billion.

Source: Marketwatch

RELATED NEWS

German Companies Brace for Economic Recession as Orders Crumble
Thursday, 22 August 2019 14:47 WIB

Shrinking order books and expectations for a decline in output signal companies in Europe™s largest economy are bracing for a possible recession. German manufacturing shrank for an eighth month in August, barely offset by still-solid services, according to IHS Markit. Overall business c...

French Activity Picks Up as Manufacturing Returns to Growth
Thursday, 22 August 2019 14:28 WIB

France™s private sector unexpectedly gained speed in August as solid performance in services was complemented by a return to growth in manufacturing. IHS Markit™s Purchasing Managers™ Index rose to 52.7 from 51.9 in July, defying economists™ predictions for a slight weakening. The...

Empire State, Philly Fed indexes hold steady in August
Thursday, 15 August 2019 20:03 WIB

Two gauges of manufacturing sentiment held their own in August, according to data released Thursday. The Philadelphia Fed manufacturing index fell slightly to a reading of 16.8 in August from 21.8 in July. Economists had expected a much bigger drop to 11.1, according to Econoday. The Empire State ...

US: Retail Sales rose 0.7% in July vs. 0.3% expected, DXY advances to 98
Thursday, 15 August 2019 19:48 WIB

Retail sales grew by more than expected in the US in July. US Dollar Index gains traction on the back of upbeat data. According to the data released by the US Census Bureau on Thursday, retail sales in the United States increased by 0.7% on a monthly basis in July and beat the market expectation o...

British retail sales in July climb 3.3%, topping forecasts
Thursday, 15 August 2019 15:48 WIB

British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both value and volume rose in July, and department stores saw the first increase this year. Source: marketwa...

ANOTHER NEWS
Gold prunes gains on reconciliatory trade comments, profit-booking
Monday, 26 August 2019 16:44 WIB Gold prices erased early gains on Monday, slipping from a six-year high touched during the session, as some of the safe-haven demand waned after the United States and China indicated a possible de-escalation of trade war, that also led to some...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.