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German exports, imports fall in August

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Reuters BERLIN

BERLIN (Reuters) - German exports unexpectedly fell in August, data showed on Tuesday, in a fresh sign that manufacturers in Europe's largest economy have shifted into a lower gear over the summer months.

The Federal Statistics Office said seasonally adjusted exports edged down by 0.1 percent on the month, missing a Reuters forecast of a 0.3 percent rise. Imports dropped by 2.7 percent, undershooting a predicted 0.2 percent fall.

The seasonally adjusted trade surplus widened to 18.3 billion euros ($21.02 billion) from 15.9 billion in July.

($1 = 0.8705 euros)

(Reporting by Michael Nienaber; editing by Thomas Seythal)

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First Published: Oct 09 2018 | 11:53 AM IST

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