German trade defies eurozone debt

German exports and imports have seen huge gains despite a protracted recession in much of the eurozone area. Fresh statistical data indicate that the German economy will continue to thrive on increasing domestic demand. 

Trade activities in Germany picked up considerably in May, the National Statistics Office (Destatis) reported on Monday. The volume of both incoming and outgoing goods and commodities surged way beyond analysts' expectations.

Exports rose by 3.9 percent in May month-on-month, totaling 93.5 billion euros $114.75 billion). Imports even soared by 6.3 percent to 78.5 billion euros, Destatis said.

Read more: German trade defies eurozone debt | Business | DW.DE | 09.07.2012