By Maria Martinez
German exports rose in October, Germany's statistics office Destatis said Monday, beating a forecast decline.
German exports were up 1.2% in October from September in adjusted terms, while imports remained flat on the month, the statistics office said. The figures account for seasonal swings and calendar effects. Economists had forecast a 0.3% decrease in exports in adjusted terms, according to a Wall Street Journal poll.
The export data follows declines in industrial output and manufacturing orders reported last week, suggesting a slump in German industrial activity.
Germany's trade surplus--the balance of exports and imports of goods--totaled 20.6 billion euros ($22.8 billion) in calendar and seasonally adjusted terms in October, according to Destatis. This exceeds The Wall Street Journal's forecast of EUR18.9 billion.
Exports totaled EUR119.5 billion, while imports amounted to EUR98.0 billion, both in adjusted terms. Of the exports, EUR70.0 billion went to European Union member states and EUR49.5 billion to third countries, the office said.
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