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Economy

Germany Issues Data on Exports, Manufacturing

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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German’s economy continues to sputter, although data from June showed a modest improvement over earlier months. Some experts claim this advance is a sign of recovery of the EU economy. It will take more than one month of data to confirm that. Other EU nations, Germany’s most important trading partners, remain in recession, so pressure on the Germany economy will not wane soon.

According to the Germany’s primary economic data provider:

As reported by the Federal Statistical Office (Destatis) on the basis of provisional data, the manufacturing sector saw turnover fall in real terms adjusted for seasonal fluctuations and working-day variations 0.5% in June 2013 compared with May 2013 (following a revised –0.8% in May 2013 compared with April 2013). Domestic turnover decreased by 0.3%, the business with foreign customers fell 0.7%. Sales to euro area countries were 1.0% below preceding month’s level, while sales to other countries went down 0.5%.

In addition:

Germany exported goods to the value of 92.8 billion euros and imported goods to the value of 75.9 billion euros in June 2013. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports decreased by 2.1% and imports by 1.2% in June 2013 on June 2012.

The most important point is the, despite improvement, the numbers remain negative.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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