Published

Germany’s Trade Surplus Narrows

Germany’s trade surplus in September narrowed slightly to €19.4 billion ($20.8 billion) from €19.6 billion in August, according to the country’s Federal Statistical Office.
#economics

Share

Germany’s trade surplus in September narrowed slightly to €19.4 billion ($20.8 billion) from €19.6 billion in August, according to the country’s Federal Statistical Office.

Exports month to month grew 2.6% to about €100 billion ($108 billion). Shipments to other countries within the European Union totaled €62 billion ($67 billion).

The statistical office says Germany’s imports in September expanded 3.6% to €81 billion ($87 billion), with 68% coming from other EU members.

 

RELATED CONTENT

  • Tariffs on Autos: “No One Wins”

    While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.

  • On Global EV Sales, Lean and the Supply Chain & Dealing With Snow

    The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future

  • China and U.S. OEMs

    When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.

Gardner Business Media - Strategic Business Solutions