German exports stagnate in April; imports sink slightly

AP News
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Posted: Jun 09, 2016 4:04 AM

BERLIN (AP) — German exports were unchanged in April while imports slowed slightly as Europe's strongest economy showed signs of stagnation.

The Federal Statistical Office said Thursday that adjusted for calendar and seasonal factors, Germany exported 101.3 billion euros ($115.3 billion)of goods in April, unchanged from March, and imported goods worth 77.4 billion euros, down 0.2 percent on the previous month.

Germany's adjusted trade surplus was 24 billion euros.

Compared to April 2015, exports to European Union countries rose 7.3 percent while exports from other countries dropped 0.7 percent. Imports from EU countries rose 2 percent, while falling 3.8 percent from elsewhere.

ING-DiBa analyst Carsten Brzeski says after strong first quarter growth, "all hard data for April was weaker than in the first quarter and GDP growth looks set for a slowdown."