2010.11.0803:34:00UTC+00German Trade Surplus for September Widens on Positive Exports

News:

German exports grew twice as fast as expected in September, widening the trade surplus in a fresh sign the recovery in Europe's largest economy is holding up well
Seasonally adjusted, exports rose by 3 pct on the month, while imports fell by 1.5 pct - Federal Statistics Office
A Reuters poll had forecast exports would rise by 1.5 pct, with imports seen gaining 0.6 pct
The adjusted trade surplus grew to 15.6bn euros from 12bn in August; a surplus of 11.9bn euros had been expected

Quote:

Carsten Brzeski of ING financial markets said: "Today's numbers confirm that exports were a strong growth driver in the second quarter. Even better, this trend will not stop any time soon. Export expectations just reached a new record high and recent Chinese leading indicators, pointing to a renewed strengthening of Chinese import demand since the summer, bode also well for German exporters. Today's numbers confirm that the German export sector is alive and kicking"

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