×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Germany | Economy

German Exports Rise as Country Tries to Avoid Recession

Friday, 08 November 2019 06:38 AM EST

FRANKFURT, Germany (AP) — Official figures show that German exports rose unexpectedly in September, fueling speculation that Europe's biggest economy may avoid sliding into a shallow recession by posting negative growth for the third quarter of the year.

Germany's statistics agency Destatis said exports rose a monthly 1.5% in September, way ahead of market forecasts for a 0.3% increase.

August's decline was revised to show that exports only fell by 0.9%, half the original estimate of 1.8%.

The figures suggest Germany may avoid following up the 0.1% quarterly decline in economic output in the second quarter with another in the third. A decline in figures out Nov. 14 would show the country in a shallow recession; two straight quarters of declining output is a frequently used definition of recession.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Official figures show that German exports rose unexpectedly in September, fueling speculation that Europe's biggest economy may avoid sliding into a shallow recession by posting negative growth for the third quarter of the year.Germany's statistics agency Destatis said...
EU,Germany,Economy
128
2019-38-08
Friday, 08 November 2019 06:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved