News Summary: German exports rise unexpectedly

AP News
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Posted: Sep 07, 2012 12:10 PM

GROWTH SIGNS: German exports inched up unexpectedly in July and industrial production also rose more than expected, data showed Friday, despite signs Europe's financial crisis is beginning to take its toll on its largest economy.

THE NUMBERS: Exports rose 0.5 percent in July from the previous month to €92.9 billion ($117 billion). Meantime, the Economy Ministry said industrial production rose by 1.3 percent in July over the previous month.

THE BACKDROP: Germany's economy has been doing much better overall than others in the eurozone, but there are increasing signs that it isn't immune from the region's crisis, including falling business confidence.