BERLIN: German exports, the driving force of Europe’s top economy, are being weighed down by the eurozone debt crisis, data showed yesterday, amid otherwise promising signs.
Seasonally adjusted data showed that Germany’s trade surplus fell slightly in March to ¤17.6bn ($23bn) from ¤17.7bn in February, according to figures from the federal statistics office.
Comparing the monthly figure to data 12 months ago, a decline of unadjusted exports data accelerated, with the value of exports falling by 4.2 percent, having shown a fall of 2.8 percent in February. But imports fell by even more, by 6.9 percent on a 12-month comparison.
The European Union remains the main trading partner for Germany.
Reuters
