Home Economy German exports rise more than expected in March

German exports rise more than expected in March

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A container ship is unloaded at the harbor of Hamburg, Germany, October 9, 2023, as the German government on March 20, 2024 passed the so-called "national harbor strategy" categorizing several German ports as part of the country's critical infrastructure. REUTERS/Wolfgang Rattay/Files

German exports rebounded in March by 0.9% on the previous month, the federal statistics office reported on Tuesday.

Analysts’ polled by Reuters had expected exports to increase by 0.4%.

 

The March rise followed a revised 1.6% decline in exports in February, which had prompted Germany’s BGA trade association to warn that falling competitiveness and rising protectionism were taking their toll on the country’s export-focused economy.

The statistics office publishes more detailed economic data on its website.