German Exports and Imports Fall Unexpectedly in October Despite Forecasts of Stabilization
• German exports unexpectedly dropped 0.2% in October, defying forecasts of a 1.1% increase • Exports to EU countries shrank 2.7% in October • German imports also unexpectedly fell for the 5th straight month, dropping 1.2% in October • The drops come despite a November survey indicating export stabilization • Few sectors expect German exports to increase