german trade activities slow down
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

German trade activities slow down

Arab Today, arab today

Arab Today, arab today German trade activities slow down

Berlin - DW

German exports and imports have contracted amid the eurozone debt crisis and a worsening trade environment globally. On a year-on-year basis, though, things don't look that gloomy at all for Europe's biggest economy. Trading activities in Europe's economic powerhouse, Germany, went down sharply in June, the National Statistics Office (Destatis) reported on Wednesday. After soaring by 4.2 percent in May, exports in June dipped by 1.5 percent, which was more than most analysts had penciled in. Imports fell even faster, dropping 3.0 percent after surging by 6.2 percent in the previous month. The June trade figures added to economists' concerns that Europe's biggest economy was in the process of losing momentum during the second quarter of 2012. No cause for panic yet But the slump in trade only became obvious in the month-on-month comparison. Statistical data looked much more positive on a year-on-year basis, with exports of German goods growing by 7.4 percent when compared to June 2011. Although shipments to fellow eurozone nations dropped by 3.0 percent, foreign orders to the US as well as the world's leading emerging economies, including China and Brazil, jumped by a staggering 19.8 percent from last year's levels. Germany thus remains the second-largest exporter after China. The German trade balance widened to 17.9 billion euros ($22.2 billion) in June, up from 15.6 billion euros in the month before.

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*

german trade activities slow down german trade activities slow down

 



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*

german trade activities slow down german trade activities slow down

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday