<\/p>\n
German\u00a0<\/span>exports\u00a0<\/span>unexpectedly\u00a0<\/span>fell in July on a sharp decline in U.S. demand due to Washington’s tariffs on European imports, official data showed on Monday, while a survey indicated that investor morale has plunged this month.<\/p>\n Exports\u00a0<\/span>from Europe’s biggest economy fell by 0.6% in July from the previous month, data from the federal statistics office showed. A Reuters poll had forecast a 0.1% increase.<\/p>\n Exports\u00a0<\/span>to the United States were down 7.9% from June, helping drag down overall goods\u00a0exports\u00a0<\/span>to non-EU partners by 4.5%.<\/p>\n The Trump administration imposed a 15% import tariff on most goods from the EU under a deal reached with the 27-nation bloc in July that aimed to avert a trade war between the two economic heavyweights, which account for almost a third of global trade.<\/p>\n The U.S. was\u00a0German<\/span>y’s biggest bilateral trading partner in 2024 with two-way goods trade totalling 253 billion euros ($297 billion), and the export-oriented\u00a0German\u00a0<\/span>economy is expected to be badly affected by the levies.<\/p>\n Monday’s data coincided with the release of the Sentix survey of investor sentiment, which showed investor morale this month in the euro zone plunging to its lowest level since April with a particularly steep decline in\u00a0German<\/span>y.<\/p>\n “Economic anxieties are coming back with full force,” Sentix said in a statement.<\/p>\n Even as it faced headwinds in the U.S.,\u00a0German<\/span>y’s\u00a0exports\u00a0<\/span>to EU countries rose by 2.5% in July, a positive development leading some analysts to suggest overall\u00a0exports\u00a0<\/span>may not struggle as much as feared going forward.<\/p>\n The share of\u00a0German\u00a0<\/span>exports\u00a0<\/span>going to Central and Eastern European countries reached an all-time high of 12%, the statistics office data showed.<\/p>\n “This suggests some broader resilience, even though the euro has also appreciated against some other currencies,” said euro area economist Greg Fuzesi, adding that gains in other regions were offsetting the drop in\u00a0exports\u00a0<\/span>to the United States.<\/p>\n Imports, meanwhile, fell 0.1% from June. And the foreign trade balance showed a surplus of 14.7 billion euros ($17.2 billion) in July, down from 15.4 billion euros in June and 17.7 billion euros in July 2024.<\/p>\n INDUSTRIAL PRODUCTION RISES<\/p>\n Separate data released by the statistics office on Monday showed\u00a0German\u00a0<\/span>industrial production rose by 1.3% in July from June. Analysts polled by Reuters had predicted a 1.0% rise.<\/p>\n The less volatile three-month on three-month comparison, however, showed production was 0.1% lower in the May to July period than in the previous three months.<\/p>\n A monthly\u00a0fall\u00a0<\/span>in production in June was revised down to 0.1% from 1.9%, partly due to corrections from a large automotive firm, the statistics office said.<\/p>\n “Hopes for at least a cyclical recovery in\u00a0German\u00a0<\/span>industry remain alive,” said Carsten Brzeski, global head of macro at ING.<\/p>\n Data issued on Friday showed\u00a0German\u00a0<\/span>industrial orders unexpectedly\u00a0<\/span>fell by 2.9% in July – the third consecutive monthly decline.<\/p>\n Still, Commerzbank expects production to pick up in the coming months on the back of interest rate cuts by the European and other central banks.<\/p>\n By next year at the latest, the\u00a0German\u00a0<\/span>economy should also benefit from the expansionary fiscal policy of the new government, said Ralph Solveen, senior economist at Commerzbank.<\/p>\n “Even a potentially weaker August figure would not diminish this hope, as it would probably be due to relatively late factory holidays in the automotive industry,” he said.<\/p>\n ($1 = 0.8534 euros)<\/p>\n (Reuters)<\/p>\n<\/p><\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" German\u00a0exports\u00a0unexpectedly\u00a0fell in July on a sharp decline in U.S. demand due to Washington’s tariffs on European imports, official data showed on Monday, while a survey indicated that investor morale has plunged this month. Exports\u00a0from Europe’s biggest economy fell by 0.6% in July from the previous month, data from the federal statistics office showed. A Reuters …<\/p>\n","protected":false},"author":1,"featured_media":66999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-66998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/66998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=66998"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/66998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/66999"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=66998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=66998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=66998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}