German imports and export slide
Loading the player ...
German imports fell sharply for the second time in three months in June and exports also dropped.
It is a further sign the eurozone crisis is beginning to hurt the region's largest economy.
Imports slumped by a seasonally adjusted 3.0 percent from the previous month, reversing a 6.2 percent jump in May.
Exports fell 1.5 percent, again on a seasonally adjusted basis.
Shipments to eurozone countries, which make up around 40 percent of all German exports, fell by 3.0 percent year-on-year in June but exports to non-euro zone countries were up 4.8 percent, the data showed.
Last week a survey of purchasing managers showed new export orders falling for a 13th straight month amid softer demand from China and the United States.
Coming after worse-than-expected industrial orders for June, the trade data pointed to weakness in Germany. It has become Europe's growth engine and paymaster as the eurozone crisis and austerity measures implemented in struggling states bite.
You need to be registered in order to add comments! Register HERE
Advertisement below
|
|
| Liveleak on Facebook | |
|
LIKE Liveleak.com |
Items
-
Angela Merkel and Francois Hollande pledge to back euro
-
Debt crisis: EU leaders set to announce €750bn Spain and Italy bailout deal
-
Debt crisis: ECB pledges action as southern Europe buckles
-
GERMANY-ECONOMY-INFLATION-MILK-PROTEST
-
It’s too late for Germany to save the euro
-
Collapse of the euro is 'inevitable'
-
Eurozone record jobless amid tame inflation
-
Spain situation 'very difficult'
-
Iran nuclear crisis: EU moves towards crude oil ban
-
UK: Power Supply Crisis: EU Rules Will Strangle UK
-
Europe is sleepwalking towards imminent disaster, warn top economists
-
Eurozone nations are stuck in a 'doom loop’
Advertisers



Poor Germany..
giving away their wealth to the rest of euro zone.
Posted Aug-9-2012 Byheydoin (170.24) heydoin View Channel Send Message
(0)
@heydoin
Not only that, now also Italians, Greeks and Spanish come to Germany to take jobs.
Posted Aug-9-2012 Bycoolhund (364.32) coolhund View Channel Send Message
(1)
@coolhund because germans want it , for years engineer of all kinds get jobs on there because there isn´t jobs in spain...only for example
Posted Aug-9-2012 Byoscarfdff (34.64) 
oscarfdff View Channel Send Message
(0)
@oscarfdff
No, Germans dont want it.
German corrupt politicians want it.
Posted Aug-10-2012 Bycoolhund (364.32) coolhund View Channel Send Message
(0)
@coolhund agree , i was talking about politicians way...nothing against german people...corrupt politicians like ours.
Posted Aug-12-2012 Byoscarfdff (34.64) 
oscarfdff View Channel Send Message
(0)
world bankers have finally stole all wealth from the worlds middle class!
Posted Aug-9-2012 Byiceracer65 (53.46) 
iceracer65 View Channel Send Message
(0)
What, Greece is not importing more German products?
Posted Aug-9-2012 Bygovett (925.70) govett View Channel Send Message
(0)