German Exports Fall In January, Capping A Weak Start To The Year For The Economy

ING Economic and Financial Analysis5.23K FollowersFollow5ShareSavePlay(4min)CommentsSummaryWith exports and imports dropping in January, our optimism about Germany's growth prospects has taken a hit this week.We still expect the economy to accelerate this year on the back of fiscal stimulus, but this optimism won't survive if we continue to see macro data like this.This morning's trade data adds to a very weak start to the new year for the entire German economy.

Abstract Aerial Art/DigitalVision via Getty Images By Carsten Brzeski, Global Head of Macro German exports fell by 2.3% month-on-month in January, from +4.0% MoM in December. At the same time, imports dropped by 5.9% MoM, widening the German trade surplus to €21.2bn, the highest level since the summer ofThis article was written byING Economic and Financial Analysis5.23K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.