German exports up 1.6 per cent in February, 2nd straight month of growth - by Geir Moulson

German exports rose for a second consecutive month in February, according to official data released Tuesday that showed demand from outside the debt-troubled eurozone was becoming increasingly important for Europe's largest economy.

Germany exported goods and services rose 1.6 per cent to €91.3 billion ($119 billion) after a 3.4 per cent month-on-month increase in January, the Federal Statistical Office said.

Imports were up 3.9 per cent compared with the previous month at €76.5 billion — also growing for the second straight month. The statistical office said Germany's foreign trade surplus rose €14.7 billion in February from €13.2 billion in January.

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