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German trade data

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    German trade data

    https://www.theguardian.com/business...b0fc7cd529e604

    Germany has reported that exports shrank by 2.8% during June. That’s the biggest monthly drop since August 2015, and ends a five-month run of growth.

    In another blow, German imports shrank by 4.5% during the month - the biggest drop since January 2009 when the world economy was sliding into recession.

    No doubt they have devoted their industrial output to military equipment.

    #2
    Originally posted by BrilloPad View Post
    Germany has reported that exports shrank by 2.8% during June. That’s the biggest monthly drop since August 2015, and ends a five-month run of growth.

    In another blow, German imports shrank by 4.5% during the month - the biggest drop since January 2009 when the world economy was sliding into recession.

    No doubt they have devoted their industrial output to military equipment.

    Comment


      #3
      Originally posted by BrilloPad View Post

      In another blow, German imports shrank by 4.5% during the month - the biggest drop since January 2009 when the world economy was sliding into recession.
      That'll be due to darmy and scooter reining in their supplies of Pampers and Tissues.
      “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

      Comment


        #4
        But still up from a year ago:

        German exports in June 2017: +0.7% on June 2016
        Foreign
        WIESBADEN – Germany exported goods to the value of 107.2 billion euros and imported goods to the value of 84.9 billion euros in June 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 0.7% and imports by 3.6% in June 2017 year on year. Compared with May 2017, exports were down by a calendar and seasonally adjusted 2.8%, imports by 4.5%.

        The foreign trade balance showed a surplus of 22.3 billion euros in June 2017. In June 2016, the surplus amounted to 24.5 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.2 billion euros in June 2017.

        According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 23.6 billion euros in June 2017, which takes into account the balances of trade in goods including supplementary trade items (+24.1 billion euros), services (–1.5 billion euros), primary income (+4.6 billion euros) and secondary income (–3.6 billion euros). In June 2016, the German current account showed a surplus of 24.0 billion euros.

        In June 2017, Germany exported goods to the value of 63.9 billion euros to the Member States of the European Union (EU), while it imported goods to the value of 56.1 billion euros from those countries. Compared with June 2016, exports to the EU countries increased by 2.4%, and imports from those countries by 1.7%. Goods to the value of 39.8 billion euros (+2.7%) were dispatched to the Euro area countries in June 2017, and the value of the goods received from those countries was 38.0 billion euros (–0.1%). In June 2017, goods to the value of 24.1 billion euros (+1.8%) were exported to EU countries not belonging to the Euro area, while the value of the goods imported from those countries was 18.2 billion euros (+5.5%).

        Exports of goods to countries outside the European Union (third countries) amounted to 43.3 billion euros in June 2017, while imports from those countries totalled 28.8 billion euros. Compared with June 2016, exports to third countries decreased by 1.7%, while imports from those countries rose by 7.5%.
        I'm pretty sure the UK would like those figures....
        Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

        Comment


          #5
          Who in the UK is going to be buying a big expensive BMW, Audi or Merc diesel car now?

          Brexit + Eco laws means the German car industry are on the verge of a big fall.
          First Law of Contracting: Only the strong survive

          Comment


            #6
            the German car industry are on the verge of a big fall
            The DT thinks so anyway:

            German car-makers face existential crisis after betting on diesel future
            bloggoth

            If everything isn't black and white, I say, 'Why the hell not?'
            John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

            Comment


              #7
              Originally posted by _V_ View Post
              Who in the UK is going to be buying a big expensive BMW, Audi or Merc diesel car now?

              Brexit + Eco laws means the German car industry are on the verge of a big fall.
              So why are BMW going to build an electric Mini, albeit in the UK with profits going back to Germany, then? The German car industry is in fact geared up to get rid of diesels as they're already not allowed in many towns and an outright ban s going to come in soon there....
              Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

              Comment


                #8
                Originally posted by darmstadt View Post
                So why are BMW going to build an electric Mini, albeit in the UK with profits going back to Germany, then? The German car industry is in fact geared up to get rid of diesels as they're already not allowed in many towns and an outright ban s going to come in soon there....
                I did say big expensive German cars....
                First Law of Contracting: Only the strong survive

                Comment


                  #9
                  Originally posted by darmstadt View Post
                  So why are BMW going to build an electric Mini, albeit in the UK with profits going back to some tax-haven, then? The German car industry is in fact geared up to get rid of diesels as they're already not allowed in many towns and an outright ban s going to come in soon there....

                  FTFY

                  Comment


                    #10
                    Originally posted by _V_ View Post
                    I did say big expensive German cars....
                    Have you seen the size of Mini's recently? I was thinking of buying another big expensive German car recently actually...

                    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

                    Comment

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