Germany: Unexpected increase in exports in November


BERLIN (Reuters) – German exports rose unexpectedly in November, according to data released by the Federal Statistical Office on Friday, despite continued supply chain bottlenecks.

Exports were up 1.7% on a seasonally adjusted basis after increasing 4.2% (revised figure) in October.

Economists polled by Reuters had expected a 0.2% drop from October.

Imports increased by 3.3% while the Reuters consensus predicted a decline of 1.7%.

In total, Germany posted a trade surplus of 10.9 billion euros in November, against 12.4 billion euros (revised figure) in October.

(Report Joseph Nasr; French version Valentine Baldassari, edited by Blandine Hénault)

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