German imports down 3.7%, exports down 3.4%

Exports from Germany, Europe’s biggest economy, were sharply lower in November compared with the previous month amid economic weakness elsewhere on the Continent.

The Federal Statistical Office said today that exports – a traditional strength of the German economy – dropped 3.4%. Adjusted for seasonal and calendar factors, they totalled €89.6bn. Imports were down 3.7% at €75.1bn.