German exports post unexpected fall in July

(Sharecast News) - German exports registered a surprise fall in July while industrial output rose, according to official data published on Monday. Exports from Europe's biggest economy fell by 0.6% on a monthly basis, Federal statistics office Destatis said. Analysts had been expecting a 0.1% rise. Imports dropped 0.1%..

The foreign trade balance produced a €14.7bn surplus, down from €15.4bn in June and €17.7bn a year earlier.

Meanwhile, industrial production rose 1.3% in July compared to the previous month and against expectations of a 1% rise.

Reporting by Frank Prenesti for Sharecast.com