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Consumer prices in Germany rose at their fastest pace since autumn 2018 last month as concerns grew about inflation in wealthy countries.Prices in Europe’s largest economy increased by 2.4 per cent in
China pulls German trade up but Brexit hits UK business
Updated / Friday, 9 Apr 2021
09:10
German exports rose in February, boosted by strong trade with China
German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europe s largest economy despite a sharp drop in trade with the UK after Brexit.
Seasonally adjusted exports increased by 0.9% on the month after an upwardly revised rise of 1.6% in January, the Federal Statistics Office said on Friday.
German imports rose 3.6% after falling 3.5% in the prior month.
A Reuters poll had pointed to a 1% increase in exports and a 2.4% rise in imports. The trade surplus shrank to €19.1 billion, today s figures show.
Trade surplus shrinks to 19.1 bln euros Exports to China surge 25.7% y/y, those to UK slump 12.2% Industrial output -1.6% m/m in February (Adds economist comment, background)
BERLIN, April 9 (Reuters) - German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europe’s largest economy despite a sharp drop in trade with the United Kingdom after Brexit.
Seasonally adjusted exports increased by 0.9% on the month after an upwardly revised rise of 1.6% in January, the Federal Statistics Office said on Friday. Imports rose 3.6% after falling 3.5% in the prior month.
A Reuters poll had pointed to a 1.0% increase in exports and a 2.4% rise in imports. The trade surplus shrank to 19.1 billion euros. On the year, exports to China increased by 25.7%.
UK-France trade back at pre-pandemic levels in March
Despite some issues at the start of the year, the data suggests that the impact of the UK s departure from the EU might not be as bad as feared for UK-French trade. (AFP via Getty Images)
UK-France trade bounced back to close to pre-pandemic levels in March, raising hopes that the impact of Britain’s departure from the EU might not be as dramatic as feared.
Data from French customs officials showed that after a plunge in January, imports from the UK rose to 107 per cent of pre-Covid levels last month, with exports at 96 per cent.