German exports fall unexpectedly in JulyFriday 06 September 2013 10.32
Germany's exports dropped unexpectedly in July despite the euro zone economies showing some signs of improvement.
The Federal Statistical Office said that German exports dropped 1.1% in July from June when adjusted for seasonal and calendar differences. Economists had predicted a 0.7% rise.
Imports increased by 0.5% in the month, today's figures show.
In unadjusted terms, Germany's trade surplus fell to €16.1 billion in July from €17 billion the month before.
The office said that July exports to euro zone countries were down 0.7% compared with the same month last year, while exports to non-euro zone European countries rose 3.6%.
Exports to non-European countries dropped 1%.
The euro zone economy emerged from recession in the second quarter.