Arab Today, arab today german recovery on track as imports exports rise in january
Last Updated : GMT 07:29:00
Arab Today, arab today
Arab Today, arab today

German recovery on track as imports, exports rise in January

Arab Today, arab today

Arab Today, arab today German recovery on track as imports, exports rise in January

Frankfurt - AFP

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.

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 german recovery on track as imports exports rise in january Arab Today, arab today german recovery on track as imports exports rise in january

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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