German exports rise more than expected in September

German exports advanced 2% in September from the previous month, exceeding analysts’ 0.5% estimate, Business Recorder reported. The increase followed declines in both July and August, with demand from European Union countries providing the main support, according to data from Germany’s federal statistics office.

Imports also rose, gaining 4.2% month on month against a forecast increase of 0.5%. Bethmann HAL Bank chief economist Alexander Krueger said the trade figures pointed to resilience against competition from China, while foreign trade could support Germany’s growth without becoming its main driver. The data offer an update on trade activity in Europe’s largest economy, but the report does not identify a direct effect on Pakistani companies.