FX.co ★ German Exports Rise At Faster Pace

Germany's export and import growth accelerated in April, according to data released by Destatis on Friday.

Exports increased by 1.6 percent from the previous month, surpassing the revised 1.1 percent growth observed in March. This also exceeded the forecasted growth rate of 1.1 percent.

Meanwhile, imports saw an uptick of 2.0 percent, improving on March's 0.5 percent growth. This rate also surpassed economists' expectations of a 0.6 percent increase.

As a result, the trade surplus marginally decreased to EUR 22.1 billion from the previous month's EUR 22.2 billion.

On a year-on-year basis, exports surged by 12.3 percent, starkly contrasting with March's 8.1 percent decline. Similarly, imports rose by 6.6 percent, rebounding from a 9.3 percent drop.