Friday, May 10, 2013

German exports 0.5 percent higher in March

BERLIN (AP) ? German exports rose 0.5 percent in March compared with the previous month, a figure that follows promising data on industrial orders and production in Europe's biggest economy.

The increase announced Friday by the Federal Statistical Office wasn't enough to cancel out a 1.2 percent decrease in February, but it was the third rise in four months.

The German economy is in better shape than many others in the 17-nation euro area and is believed to have returned to growth in the first quarter after shrinking in last year's final three months.

In year-on-year terms, exports ? a traditional German strength ? were down 4.2 percent in March at 94.6 billion euros ($124 billion). That figure was dragged lower by a 7 percent drop in exports to the eurozone.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-05-10-EU-Germany-Economy/id-1795d36b3b9b4f3ca9ac85fc6d1f650a

supreme court health care joe oliver joba chamberlain new york mega millions jetblue jetblue michelle malkin

No comments:

Post a Comment