German Sept trade surplus widens on robust exports

Published 11/08/2010, 02:17 AM
Updated 11/08/2010, 02:20 AM

BERLIN, Nov 8 (Reuters) - German exports grew twice as fast as expected in September, widening the trade surplus in a fresh sign the recovery in Europe's largest economy is holding up well, official data released on Monday showed.

Adjusted for seasonal swings, exports rose by 3.0 percent on the month, while imports fell by 1.5 percent, the figures from the Federal Statistics Office showed.

A Reuters poll had forecast exports would rise by 1.5 percent, with imports seen gaining 0.6 percent.

The adjusted trade surplus grew to 15.6 billion euros from 12.0 billion in August, the figures showed. A surplus of 11.9 billion euros had been expected. (Reporting by Paul Carrel)

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