German exports edge up in October

BERLIN (AP) ? Official data show that exports from Germany, Europe's biggest economy, edged higher in October following a substantial drop the previous month.

The Federal Statistical Office said Monday that exports rose 0.3 percent compared with September, following a 2.4 percent drop a month earlier. Adjusted for seasonal and calendar factors, they totaled ?92.8 billion ($120 billion). Imports were up 2.5 percent at ?77.6 billion.

Growth in Germany's export-heavy economy has slowed this year amid gloom in the recession-hit eurozone and beyond. However, it's expected to continue growing next year ? if only at a modest pace.

Exports were 10.6 percent higher in October compared with a year earlier. A 14.6 percent increase in demand from countries outside the European Union contrasted with a 7 percent rise in exports to eurozone nations.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-12-10-Germany-Economy/id-ac1bac99cd9447ee9c905c65fe3ec52b

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