German exports grew rapidly in April

According to the German "Frankfurter Mutual" website (http://www.frankfurt.com/), in April, the demand of European countries continued to increase. German export growth was strong, which was a 3% increase from the previous month. It was the highest in two years and was twice as much as economists expected. In the previous two months, exports also dropped by 1.8% and 1.3% respectively. In April, Germany’s exports to EU countries outside the euro zone increased the most, at 6.9%. These countries include Poland and other Eastern European countries as well as the United Kingdom.

In the same month, Germany’s exports to euro-zone countries increased by 2.7%. In January-April, German exports increased by a cumulative 2.2% year-on-year. The German Foreign Trade Association (BGA) predicts that after a slight contraction in exports in 2013, German exports will increase by 3% in 2014. Demand for "Made in Germany" products has grown significantly. German industrial orders with higher dependence on exports increased by 5.5% month-on-month in April. German imports rose by 0.1% in April from the previous month. Analysts had previously predicted 0.6%. Remove seasonal and calendar factors The month's trade surplus in Germany was 17.7 billion euros, which was higher than the estimated value of about 2.5 billion euros.

In addition, the output of German companies also increased slightly in April. According to the Federal Ministry of Economic Affairs, the increase was only 0.2%. Economists had previously forecast this increase to 0.4%. In March, the output of German companies fell by 0.6%. The Federal Ministry of Economic Affairs stated that the German manufacturing industry, including the industrial, construction and energy industries, is continuing to recover. The ministry stressed that the good order situation in the industrial and construction industries and the company’s continued confidence indicate that the German economy will continue to rise. Industrial orders in April rose 3.1% from expectations. Industrial output increased by 0.1%. Among them, industrial semi-finished products, such as the increase in the output value of chemicals is 0.1%; the output value of consumer goods increased by 1.1%. On the contrary, the value of investment products, such as equipment and equipment, fell by 0.3%. In addition, construction output fell by 1.2%; energy output increased by 2.7%.