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)
Copyright © 2022 Thomson Reuters