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Latest troubling sign from Germany: Exports

Oct. 08, 2015 3:22 AM ETEWG, GF, EWGS, FGM, DBGR, DXGE, HEWG, QDEU, DAXBy: Yoel Minkoff, SA News Editor2 Comments
  • German exports slumped the most since the height of the 2009 recession in another sign Europe's largest economy is losing momentum in Q3.
  • Foreign sales slid 5.2% to €97.7B M/M and imports tumbled 3.1% to €78.2B, narrowing the trade surplus to €19.6B.
  • The data follows sharp declines in industrial orders and output in August, suggesting waning demand from abroad may be leaving its mark on Germany.
  • DAX -0.3% to 9,940
  • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU

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