German Exports Decline In First Half

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Tuesday, a report by the German Federal Statistical Office said exports dropped 23.5% in the first six months of the year to EUR 391.2 billion. After adjusting for price changes, exports dropped 22.9%.

Dispatches to the EU nations were down 24.3% in nominal terms to EUR 249.8 billion, while those to countries outside the EU fell 21.9% to EUR 141.5 billion.

(Market News Provided by RTTNews)