Frankfurt am Main
German exports grew for the fourth straight month in August, official data showed Thursday, but the pace is slowing as Europe’s largest economy settles into a new economic normality after the coronavirus lockdowns of the spring. Exports grew 2.4 percent month-on-month in August, after a 4.7 percent jump in July, Federal statistics agency Destatis said in seasonally adjusted figures.
Imports grew 5.8 percent in August. Germany shipped goods abroad worth 91.2 billion Euros ($107.3 billion) and imported goods worth 78.5 billion euros. The fourth consecutive monthly rise follows a steep plunge in activity in March and April when coronavirus lockdowns brought factories and businesses to a standstill. —Agencies