German trade surplus widens in March

22:10, May 10, 2010      

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Germany's trade surplus widened to 17.2 billion euros (22.2 billion U.S. dollars) in March from 12.7 billion euros (16.4 billion dollars) in February, sending another strong signal of the country's export-led recovery, according to official data released Monday.

The Federal Statistics Office said the country's seasonally-adjusted exports jumped 10.7 percent on a monthly basis, while imports were up by 11.0 percent.

Surpassing some economists' prediction of 1.3-billion-euro (1.68-billion-dollar) growth, the trade balance rose by 4.5 billion euros (5.8 billion dollars) in March compared to that of the previous month.

The exports, the main economic booster, registered a 23.3-percent increase in March, compared with the same month in 2009, while imports climbed by 18.3 percent, a clear sign of recovery.

The office also predicted Germany's economy will grow 1.4 percent this year and 1.6 percent in 2011, after a severe 5-percent contraction last year, the largest slide since World War II.



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