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PHOTO FILE: Aerial view of containers in a cargo terminal in the port of Hamburg, Germany, August 1, 2018. REUTERS / Fabian Bimmer
BERLIN (Reuters) – Germany's exports rebounded stronger than expected in May, but they failed to recover after the slump that prevailed a month earlier.
Exports rose 1.1% on the month of May, according to data from the Federal Statistical Office released on Monday, exceeding the 0.5% increase forecast announced by a survey of the United States. Reuters agency. In April, exports fell 3.4%.
Imports fell 0.5% in May. This resulted in an increase in the trade balance to 18.7 billion euros, against 16.9 billion the previous month.
Separate Bureau of Statistics data show that industrial production rose 0.3% over the month, which is below expectations for a 0.4% increase.
Written by Paul Carrel; Edited by Michelle Martin
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