SeaNews Turkey - Germany's exports hit by Eurozone crisis and shrinking global demand

Thursday, 20.Jun.2013, 11:01 (GMT+3)

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Germany's exports hit by Eurozone crisis and shrinking global demand

Germany's exports hit by Eurozone crisis and shrinking global demand

GERMANY's export trade fell by 3.6 per cent in October compared to the previous month, which was far worse than the 1 per cent decline earlier predicted by the markets.
Monday, 12.Dec.2011, 23:58 (GMT+3)

GERMANY's export trade fell by 3.6 per cent in October compared to the previous month, which was far worse than the 1 per cent decline earlier predicted by the markets.

Imports also fell by 1 per cent compared to September.

A report by London's Containerisation International said the result confirmed that "Europe's biggest economy - until now a lone shining beacon in the EU - is now being impacted by the region's debt crisis and falling global demand."

Germany's trade surplus has declined from EUR17.3 billion (US$23 billion) to EUR15.5 billion as a result of its plummeting export trade, the report added.

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The 366 metres long container giant MSC BEATRICE passing through the Strait of Çanakkale (Dardanelles). Photo by Ahmet Güven.

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