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3/15/08

IHT: EU - German exports climbed by 9 percent in January

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EU - German exports climbed by 9 percent in January

German exports were up 9 percent in January, showing healthy growth despite the euro's climb to near-record levels against the U.S. dollar, government figures showed Monday. Germany, which has Europe's biggest economy, exported goods and services worth €84.4 billion (US$129.6 billion) in January, up from €77.4 billion a year earlier, the Federal Statistics Office said. Imports increased by 10.2 percent, rising to €67.3 billion (US$106.4 billion) from €61 billion. The country's trade surplus rose to €17.1 billion (US$26.3 billion), beating the €16 billion (US$24.6 billion) forecast of economists surveyed by Dow Jones Newswires. The surplus stood at €10.7 billion in December and €16.4 billion in January last year.

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