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Sunday 10th of January 2010
January 8, 2010    

German exports rise 1.6% in November

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by Kay Murchie
German exports rise 1.6% in November

Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November.

Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month.

The monthly gain was double economists’ forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September.

The German economy emerged from recession in the second quarter after experiencing positive growth. The continuing growth in exports will boost hopes for a strong economic recovery.

However, while Germany is currently the world’s largest exporter, China is likely to overtake Germany in this area once full-year 2009 figures are released.

Separately, official figures released earlier this week showed a rise in German industrial production of 0.7% in November compared with October.

However, the increase was slightly below economists’ forecast of 1%.

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