German exports 2.4 percent higher in August

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Associated Press

Posted on October 8, 2012 at 2:02 AM

Updated Monday, Oct 8 at 2:02 AM

BERLIN (AP) — Official data show that exports from Germany, Europe's biggest economy, were up 2.4 percent in August compared with the previous month — the second consecutive increase.

Germany is seeing slower growth this year following two years of robust increases in output, and government figures last week showed that industrial orders were 1.3 percent lower in August. Business confidence has slipped, reflecting worries about the impact of Europe's debt crisis.

But the economy remains solid. The Federal Statistical Office said Monday that Germany exported goods and services worth €95 billion ($124 billion) in August in calendar-adjusted terms; the gain followed a 0.4 percent increase in July.

German imports were up 0.3 percent at €76.7 billion, following an identical gain in July.

In year-on-year terms, exports were up 5.8 percent.

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