BERLIN: German imports fell sharply in October and exports also weakened, suggesting Europe’s largest economy is still struggling to shake off the impact of a slowdown in China and other emerging markets.
Seasonally-adjusted exports edged down by 1.2 percent while imports slid 3.4 percent, the second time in three months that imports have dropped sharply, data from the Federal Statistics Office showed on Wednesday.
Economists polled by Reuters had been expecting exports to fall by 0.5 percent and imports to decline by 1.0 percent.
The trade surplus widened to 20.8 billion euros from 19.2 billion in the previous month.
Foreign trade was a drag on German growth in the third quarter, and lower-than-expected industrial output data on Monday suggested weak demand from emerging markets is still taking a toll.
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