Germany's exports rose 6.3% in January, driven by EU and China demand, leading to a €27.5bn trade surplus.

Germany's exports increased by 6.3% in January, surpassing expectations due to a rebound in demand from EU countries and China, leading to a trade surplus of €27.5bn. The uptick in exports to China brought hope to the struggling German economy, which contracted by 0.3% in 2023. Despite the increase, Germany's IfW Kiel economic institute lowered its forecast for output growth in 2024 to 0.1% from an earlier projection of 0.9%.

March 06, 2024
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