Germany sees imports rebound in January

Containers being unloaded in the port of Hamburg Exports also rose, as demand from the US and China proved robust.

Related Stories

German imports rebounded strongly in January, suggesting that domestic demand in the country may be set to recover after an autumn downturn.

Imports rose by a seasonally adjusted 3.3% from the month before, helping to shrink Germany's trade surplus.

Exports also rose, by 1.4%, driven by robust demand in the US and China.

Germany's economy shrank 0.6% in the last three months of 2012, thanks to recession in its main eurozone export markets and tepid domestic confidence.

However, the Ifo survey of business confidence has pointed to a strong rebound in expectations for growth since the beginning of the year, although the January trade data is the first solid indication that economic activity in Germany is picking up again.

Other data for manufacturing orders and industrial output released last week suggested that the German economy remained stagnant in the New Year.

German domestic demand is expected by most economists to play a major role in boosting the country's - and the entire eurozone's - economy.

German banks are awash with cash, and borrowing costs for businesses and mortgage borrowers are low, helping to stimulate an upturn in the country's property market.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • The OfficeIn pictures

    Fifty landmark shows from 50 years of BBC Two


  • French luxury Tea House, Mariage Freres display of tea pots Tea for tu

    France falls back in love with tea - but don't expect a British cuppa


  • Worcestershire flagFlying the flag

    Preserving the identities of England's counties


  • Female model's bottom in leopard skin trousers as she walks up the catwalkBum deal

    Why budget buttock ops can be bad for your health


  • Two women in  JohanesburgYour pictures

    Readers' photos on the theme of South Africa


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.