The German trade surplus falls between global trade tensions
Friday – 1 month Spring of the first 1440 e – 09 November 2018 AD Edition number [
Berlin: the Middle East
He rejected the German trade surplus in September to reflect the largest European economy and hit by global trade tensions, reaching 17.6 billion euros (about 20 billion dollars), from 18.2 billion euros in August.
The press coverage of the Federal Office of Statistics, announced yesterday, focused on criticism by US President Donald Trump of the commercial surplus in Germany with his country.
The Office of Statistics said that the exports adapted for seasonal factors decreased by 0.8 per cent per month in September, with imports falling by 0.4 per cent. A survey of Reuters economists suggested a 0.3 per cent increase in exports and an increase of 0.8 per cent in imports.
The German newspaper The Guardian said that German exports in September were less than in the same month of 2017 by around 1.2 per cent, despite the growth of the global economy in that period.
German exports of power units suffer from US trade protection, with centuries on European steel exports. Trade data in the largest European economy showed signs of slowdown this year. It is expected that this trend will appear clearly in the GDP data for the third quarter of this year, which will be published in the next few days.
German economic growth recorded high rates in the second quarter of this year, which is 2.3 per cent, against 1.4 percent in the first quarter, but the Bundesbank said that third quarter data could reflect temporarily freeze in growth.
Moody said yesterday that slowdown in the world would not affect growth in the United States and China, but on economies such as Germany. The German news agency is in the context of its introduction of recent trade data, that the exports «have faced very damaging winds recently».
"Given the number of uncertainties, especially due to the direct and indirect consequences of trade disputes, we are careful awaiting the end of the year," said Holger Bingmann, president of the Federal Association of Wholesale Trade, Trade and Foreign Affairs.
The German exports in Germany during September were the strongest months since February, and the Times said that a new sign of the German economy was slowed down by global trade. The decline in imports this month was the second monthly decline, respectively.
In general, German export data was weak last year, with a reduction in nine months over the past 12 months, the paper said. German exports have been hit by slowdown in trade and measures such as new rules on car emissions, according to Carsten Brzezek, an economic economist at ING.
Although the Bloomberg agency states that the decline in exports in September is the pessimistic indicators of the economy after the positive data published days reflecting the increase in German factory orders and the industrial output of the country in the one month.
Bloomberg quoted the central bank in Germany saying that the third quarter slowdown due to temporary difficulties faced by the car industry and the expected recovery during the next period. But the agency added that the growing trade tension or global slowdown could undermine recovery. Bloomberg said that any US action to charge tariffs on European cars or spare parts would have a strong impact on Germany, stating that the EU and the US were working to reach an agreement to avoid operating from & # 39 kind. The US trade deficit with Germany was 65 billion euros in 2017, with imports from German countries worth around $ 118 billion in the US, with vehicles and spare parts, mainly industrial machinery and medicines.
Economy of Germany