German exports down by 6.3% in December

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Exports fell by 6.3% on the previous month, data from the federal statistics office showed on Thursday

Friederike Heine and Miranda Murray, Reuters News

February 2, 2023

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BERLIN: German exports fell more than expected in December as high inflation and market uncertainty continued to weigh on Europe's largest economy despite fading supply chain problems.

Exports fell by 6.3% on the previous month, data from the federal statistics office showed on Thursday.

Analysts polled by Reuters predicted a decline of 3.3%.

Imports fell by 6.1%. Imports had been forecast to drop by 0.8%.

The statistics office publishes a detailed report with more economic data. (Reporting by Friederike Heine and Miranda Murray)

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