German exports rise 4.1% in October

German exports rise 4.1% in October
German exports rise 4.1% in October

German exports rose much more than expected in October, data showed on Thursday, despite persistent supply bottlenecks in the manufacturing sector, suggesting Europe’s largest economy may be on track for a recovery.

The Federal Statistics Office said that seasonal-adjusted exports rose 4.1% month-on-month after declining in both August and September.

Imports also saw a jump that exceeded expectations, rising 5% after a 0.4% increase in the previous month Read slightly modified.

The trade surplus narrowed to 12.5 billion euros ($14.16 billion) from a revised reading of 12.9 billion euros in September.

A Reuters poll had indicated that exports increased 0.9%, imports grew 0.4%, and the trade balance reached 13.4 billion euros.

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