Published 1 year ago

Germany Posts Trade Balance Deficit in May 2022, First Time Since 1991

Summary by Ground News

Germany recorded its first monthly trade deficit since 1991 in May. Exports reached 125.8 billion euros last month, while imports came in at 126.7 billion euros. Analysts attributed the rise in imports to inflation. The seasonally adjusted figures resulted in a foreign trade deficit of almost 1billion euros.

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Times of India

Germany records 1st export deficit in over 30 years

The seasonally adjusted figures resulted in a foreign trade deficit of almost 1 billion euros - a psychological blow to Europe's biggest economy, which prides itself on its strong export industries.

1 year ago·India

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The Guardian

Germany records first monthly trade deficit since 1991 as inflation soars

May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base

1 year ago·London, United Kingdom

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Reuters

German exports dip slightly in May as imports beat expectations

German exports fell slightly in May, decreasing by 0.5% on the previous month, while imports beat forecasts, rising by 2.7%, according to Federal Statistical Office data on Monday.

1 year ago·United Kingdom

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abc News

Germany records 1st export deficit in over 30 years

New figures show that Germany recorded its first monthly trade deficit since 1991 in May because of higher import prices

1 year ago·United States

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KRDO

Germany records 1st export deficit in over 30 years

BERLIN (AP) — New figures show that Germany recorded its first monthly trade deficit since 1991 in May because of higher import prices. The Federal Statistical Office said exports reached 125.8 billion euros last month, while imports came in at 126.7 billion euros. The seasonally adjusted figures resulted in a foreign trade deficit of almost 1 billion euros. That’s a psychological blow to Europe’s biggest economy, which prides itself on its stro…

1 year ago·Colorado Springs, United States

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