Market: Germany-Exports increase more than expected in March

Market: Germany-Exports increase more than expected in March
Market: Germany-Exports increase more than expected in March

(Reuters) – German exports started to rise again in March, increasing more than expected to 0.9%, data from the Federal Statistical Office showed on Tuesday.

Economists polled by Reuters had forecast a rise of 0.4% in March, following a decline of 1.6% (revised) the previous month.

Europe’s largest economy saw its exports to European Union member states and third countries increase by 0.5% and 1.3% respectively in March, data showed.

Imports increased by 0.3% during the month, after an increase of 3.0% (revised) in February, indicates the Federal Office.

The foreign trade balance shows a surplus of 22.3 billion euros in March, compared to 22.2 billion euros forecast and 21.4 billion the previous month.

The Federal Statistical Office also reported on Tuesday an unexpected drop in industrial orders in March.

(Reporting by Amir Orusov, Anastasiia Kozlova and Rachel More, French version Augustin Turpin, editing by Kate Entringer)

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