Still think the single market is king, EU? Germany exports FALL sparking fresh euro crisis
THE Eurozone suffered a major setback as Germany’s exports fell, with experts now predicting a difficult 2017 for the euro economy.
By KATIE MANSFIELD
Express.co.uk
Sat, Dec 10, 2016
German exports fell by 4.1 per cent in the year to October, with imports falling 2.2 per cent.
The EU’s economic powerhouse’s exports grew by only 0.5 per cent in October from previous months, falling short of forecasts which expected growth of one per cent.
Germany has seen exports almost stagnate over the last 12 months, growing on average by 0.1 per cent monthly from a historical average of 0.3 per cent.
Data suggests that German industry, whose output rose less than expected in October due to stagnating factory output, will only witness a mild recovery in the last three months of this year.
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