German economy sees slight increase in goods exports

The German economy saw a slight increase in goods exports in November compared to the previous month.

The Federal Statistical Office in Wiesbaden announced on Thursday that the value of German exports in November, after taking into account seasonal factors, amounted to 127.3 billion euros, an increase of 2.1% on a monthly basis.

In contrast, exports fell by 3.5% on an annual basis. Imports also fell by 3.3% to 107.6 billion euros.

The German trade surplus rose to 19.7 billion euros, compared to 13.4 billion euros in October.