In May of this year, Germany recorded an increase in exports by 4.4% compared with the same month a year earlier to 113.9 billion euros. The volume of imports amounted to 93.4 billion euros, its growth was at the level of 4.9%. For the month, exports increased by 1.1%, while imports decreased by 0.5%. In May, Germany’s foreign trade balance surplus amounted to 20.6 billion euros. Its volume increased compared with the April value of 17.9 billion euros. In the first five months of this year, Germany exported goods and services in the amount of 560.1 billion euros, the figure for the year increased by 2.4%. The import indicator was at the level of 466.8 billion euros, which is 4.5% more than a year earlier. The trade surplus for the five months of the year amounted to 93.3 billion euros. Over the year, the figure fell by 7%.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...