Updated
Updated · Bloomberg · Jul 9Germany Exports Rise 0.9% in May as US Shipments Rebound 23.1%
3 articles · Updated · Bloomberg · Jul 9Summary
- German exports extended gains to a fourth straight month in May, rising 0.9% and beating forecasts for a 0.4% decline.
- US-bound shipments drove the surprise increase, jumping 23.1% from April to Germany’s biggest trading partner.
- Sales to China also strengthened, rising 7.1%, adding support to the broader export recovery.
- The data suggest external demand held up better than expected for Europe’s largest economy despite expectations of a monthly pullback.
Insights
Is Germany's surprise export jump a dead cat bounce before a deeper economic fall? Squeezed by US tariffs and Chinese competition, can Germany's industrial engine find a new path forward?