Tags: EU | Germany | Economy

German Exports Rise as Country Tries to Avoid Recession

Friday, 08 November 2019 06:38 AM

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.

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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
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