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German Exports Rise more than Expected in September

Nov 9 (Reuters) - German exports rose ​more than expected in September ‌by 2% compared with the previous month, driven mainly by ​demand from European Union ​countries, data from the federal statistics ⁠office showed on Monday.

Analysts polled ​by Reuters had forecast a ​0.5% increase, following two consecutive drops in August and July.

Alexander Krueger, chief ​economist at Bethmann HAL ​Bank, said the figures bode well for ‌Germany's ⁠economy overall, showing some resilience to competition from China.

"Foreign trade is likely to underpin ​economic ​growth for ⁠the time being, but not drive it," ​he said.

For the country's ​imports, ⁠a month-on-month gain of 4.2% surpassed expectations of 0.5%.

Reporting ⁠by ​Anastasiia Kozlova and ​Klaus Lauer Writing by Ludwig Burger, editing by ​Thomas Seythal and Friederike Heine

Source: Reuters


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