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German exports rise in July but far below pre-crisis level

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imageEconomy18 minutes ago (Sep 08, 2020 02:25AM ET)

(C) Reuters. FILE PHOTO: Cars intended for export wait at the port for loading in Bremerhaven, Germany

BERLIN (Reuters) – German exports rose by 4.7% in July, data published on Tuesday showed, signalling that Germany’s economic recovery from the coronavirus crisis remains on track, though shipments abroad remained far below their pre-crisis level.

Imports rose by only 1.1% on the month, taking the seasonally adjusted trade surplus to 18 billion euros, the Federal Statistics Office said.

German exports rise in July but far below pre-crisis level

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