Germany: trade deficit wiped out in May


(CercleFinance.com) – According to data adjusted for seasonal and calendar variations from Destatis, Germany suffered a trade deficit of one billion euros in May, compared to a surplus of three billion recorded the previous month.

The federal statistics office explains that this trade deficit – the first for the country for a very long time – reflects both a 0.5% drop in German exports and a 2.7% growth in imports, compared to the month. of April.

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