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German imports, exports jump more than expected in February – Metro US

German imports, exports jump more than expected in February

The spread of the coronavirus disease (COVID-19) in Germany
The spread of the coronavirus disease (COVID-19) in Germany

BERLIN (Reuters) – German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war in Ukraine have yet to be reflected in foreign trade figures.

Seasonally adjusted exports rose 6.4% on the month, compared to a rise of 1.5% predicted by economists.

Imports increased 4.5% on the month, compared to an average forecast for a 1.4% increase.

The trade surplus increased to 11.5 billion euros ($12.70 billion) from a downwardly revised 8.8 billion euros the previous month.

($1 = 0.9078 euros)

(Reporting by Miranda Murray; Editing by Maria Sheahan)

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