German exports jumped to a record high in March, demonstrating the growth of the second month in a row and signaled the continued strengthening of the economy. This is evidenced by the data of the Federal Bureau of Statistics, Germany.German exports in March rose by 7.3% compared to the previous month to 98.3 billion euros, taking into account the correction for seasonal and calendar factors.
Exports reached their highest level since the beginning of the calculation of such data in 1950. In February, exports rose by 2,8% compared to the previous month.
Import growth was also strong. Imports in March rose by 3.1% compared to the previous month to 79.4 billion euros after rising 4.0% in February.
Without regard to the correction of trade surplus in Germany, Europe's largest economy, in March rose to 17.0 billion euros, against 11.9 billion in February.
Figure was below the forecast of analysts surveyed by Dow Jones Newswires, who had expected that the surplus will amount to 13.1 billion euros.
The surplus current account balance in Germany without the correction in March totaled 18.8 billion euros against 8.7 billion euros in February.
Figure is much higher than forecast. It was expected to reach 12.0 billion euros.
