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Monday, September 9, 2013

German exports fall despite eurozone recovery.

German exports fell 1.1% M/M in July, surprising economists who were expecting an increase of 0.7%. The news seems to contradict recent data which shows the eurozone may be pulling itself out of the economic doldrums — the EU is Germany's largest trading partner. Imports rose 0.5% and the Germany's current account surplus narrowed to €14.3B.

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