and decline imports By 3.7 percent during the month, which led to an increase in the trade surplus to 6.9 billion euros (7.26 billion dollars).
Imports had been expected to fall 0.4 percent.
Germany is suffering The largest economy in Europefrom crises related to the rise in energy prices after stopping supplies Russian gas on which it relied heavily, against the background of the Ukrainian war.
Last September, the major economic institutes in Germany predicted that Germany would enter a stage depression Next year due to the continued rise in energy prices.
Institutes said "Evo" And"RWE" And"IWH" And"EFW" Economic report titled "Energy crisis: depression inflation and loss of prosperity" that Germany’s economy "Next year he will not be able to avoid entering a stage depression" Because of the significant rise recorded in the prices of energy materials.
mention that German economy It grew in the third quarter of 2022 by 0.4%, on a quarterly basis, against expectations of 0.3%.
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Data released by the Federal Statistical Office showed a decrease exports By 0.6 percent in October, which was twice the expectations of analysts in a Archyde.com poll.
and decline imports By 3.7 percent during the month, which led to an increase in the trade surplus to 6.9 billion euros (7.26 billion dollars).
Imports had been expected to fall 0.4 percent.
Germany is suffering The largest economy in Europefrom crises related to the rise in energy prices after stopping supplies Russian gas on which it relied heavily, against the background of the Ukrainian war.
Last September, the major economic institutes in Germany predicted that Germany would enter a stage depression Next year due to the continued rise in energy prices.
The Ifo, RWE, IWH and IFW economic institutes said in a report titled “The Energy Crisis”: depression Inflation and loss of prosperity.” Germany’s economy “Next year he won’t be able to avoid going into a phase depressionBecause of the huge rise in energy prices.
mention that German economy It grew in the third quarter of 2022 by 0.4%, on a quarterly basis, against expectations of 0.3%.