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Wednesday, April 9, 2014

Germany's exports fell 1.3% on month.

Exports fell in February after rising 2.2% in January and missed consensus. Import growth slowed to 0.4% from 4.1% but was greater than expected, while the trade surplus surprisingly dropped to €15.7B from €17.3B and came in below forecasts. Germany has received criticism that its economy relies too much on exports at the expense of its European partners.

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