Jul 8, 3:46 AM EDT

German exports, imports disappoint in May

Business Video

Latest Business News
Brennan's to reopen after bankruptcy sale

Korean firm to pay $2M to settle case in Virginia

Airlines give upbeat view of revenue trends

American Apparel receives financing

Genco exits Chapter 11 bankruptcy protection

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
California man faces prison for economic espionage

South Korea cuts growth outlook on ferry disaster

Alcoa helps lift market after 2 days of declines

How the Dow Jones industrial average did Wednesday

Alcoa and American Airlines are big market movers

Greece to test bond market again with new issue

US stocks creep higher after two days of losses

China says it's up to US to drive global economy

EU at odds over debt-financed stimulus spending

US stocks slide for a second day as earnings loom

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- German exports fell more than expected in May while imports dropped sharply, adding to data that point to a weak second quarter for Europe's biggest economy and also pushing up the country's trade surplus.

The Federal Statistical Office said Tuesday that exports were down 1.1 percent compared with the previous month, a steeper drop than the 0.4 percent decline economists expected. Imports fell 3.4 percent.

Germany's May trade surplus was 18.8 billion euros ($25.6 billion), up from 17.7 billion euros in April.

Germany's economy grew a robust 0.8 percent in the first quarter compared with the previous three-month period, but disappointing recent data have fed expectations of slower second-quarter growth.

Factory orders and industrial production in May were below expectations amid slowing growth in China and tensions over Ukraine.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Latest News