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German exports post first monthly fall in 3 months

Published 09/08/2010, 02:03 AM
Updated 09/08/2010, 02:08 AM

BERLIN, Sept 8 (Reuters) - German exports fell unexpectedly month-on-month in July after two months of strong gains, though the country's trade surplus widened due to an even larger decline in imports, official data showed on Wednesday.

Adjusted for seasonal swings, exports fell by 1.5 percent from June, while imports fell by 2.2 percent, figures from the Federal Statistics Office showed.

A Reuters poll had forecast exports would be unchanged on the month in July, with imports seen rising by 0.5 percent.

The adjusted trade surplus widened to 12.7 billion euros from 12.4 billion in June, the figures showed. A surplus of 12.9 billion euros had been expected.

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