Arab Today, arab today economic recovery in germany appears to be on track
Last Updated : GMT 18:56:33
Arab Today, arab today
Arab Today, arab today

Exported goods worth $131bn in January

Economic recovery in Germany appears to be on track

Arab Today, arab today

Arab Today, arab today Economic recovery in Germany appears to be on track

Eugen Maersk container ship (R) and the Majestic Maersk (L)
Frankfurt - Arab Today

Eugen Maersk container ship (R) and the Majestic Maersk (L) Economic recovery in Germany appears to be on track as demand for German-made goods increased both at home and abroad, official trade data showed on Tuesday. After adjustment for seasonal blips, Germany exported goods worth 94.5 billion euros ($131 billion) in January, an increase of 2.2 percent from the level inDecember, the federal statistics office Destatis said.
And imports -- a yardstick of domestic demand -- rose even more strongly, climbing 4.2 percent to 77.3 billion euros.
Because imports rose more strongly than exports, the trade surplus -- the balance between imports and exports -- narrowed.
Germany's booming trade surplus has been the target of a great deal of international criticism in recent months, with critics arguing that its economic prowess comes at the expense of the eurozone's weaker members.
The critics argue that Germany needs to boost domestic demand and so help its EU partners by spurring export-driven growth in their economies rather than continue to rely mostly on its own exports for growth.
But the latest trade data, with the strong increase in imports, appear to suggest such criticisms are misplaced.
While German exports to its eurozone partners rose by 3.2 percent year-on-year in January, exports to countries outside Europe jumped by 9.1 percent.
And imports from the euro area climbed by 4.0 percent, while imports from outside Europe contracted by 1.9 percent.
"The euro area economy continued to stabilise at the start of the year," said BayernLB economist Stefan Kipar.
"Today's data were better than expected, not just because exports rose more strongly than expected, but also because exports to the eurozone were positive," Kipar said.
"The sharp rise in imports is similarly positive because it points to a pick-up in domestic demand and takes ammunition away from the heated debate about the German current account surplus," the expert said.
Natixis economist Johannes Gareis said the trade data were "in line with our expectations of a strengthening global recovery, while German imports growth remains robust due to Germany's healthy domestic economy."
Gareis noted that the dynamic of imports in January was driven mainly by German demand for goods from its eurozone neighbours.
"In this respect, the data offer some relief for the German growth locomotive to do more to rebalance the euro area," Gareis said.
Last week, the EU Commission in Brussels said that Germany's huge current account surplus is a source of economic imbalance in Europe.
"Nobody wants to criticise Germany for having a strong external demand and competitiveness," the EU's Commissioner for Economic and Monetary Affairs Olli Rehn said on the presentation of a new report.
"I want see every EU member states be as competitive as Germany," he said.
But "at the same time, Germany -- and to some extent the rest of Europe -- would benefit from stronger domestic investment and reinforced domestic demand in Germany," Rehn said.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today economic recovery in germany appears to be on track Arab Today, arab today economic recovery in germany appears to be on track

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today economic recovery in germany appears to be on track Arab Today, arab today economic recovery in germany appears to be on track

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday