German imports surge points to rebound

German imports surged to their highest level in June 2010 and are expected to grow further, in a small step towards rebalancing the global economy that analysts said could stymie criticism over Europe’s largest economy’s export model.

Seasonally adjusted imports grew by 1.9% month-on-month to a new record of €72.4bn, data from the German federal statistics office issued on the 9 August 2010.

DW reported that trade figures for June showed Germany boosted exports and imports, exceeding expectations and adding momentum to the slowly improving euro single currency.

Germany: Federal Statistical Office http://www.destatis.de/

Deutsche Welle, 9.8.10: Germany reports soaring trade figures, bolstering euro http://www.dw-world.de/dw/article/0,,5879356,00.html

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