Providing more reasons for the European Central Bank to raise interest rates? Germany's economy is showing signs of recovery again: unexpected growth in exports in May, following the recovery in output and orders.
According to the Wisdom Financial APP, data released by the German Federal Statistical Office on Thursday shows that German exports increased by 0.9% month-on-month in May, reaching 137.9 billion euros, far exceeding market expectations of a 0.4% decline, and achieving growth for the fourth consecutive month. Imports, on the other hand, fell by 2.5% to 118.8 billion euros. The trade surplus for the month expanded to 19.1 billion euros, higher than April's 14.7 billion euros.
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