BERLIN (Reuters) – German exports rose unexpectedly in April, boosted by the resumption of deliveries to China, but analysts have warned that this momentum could be short-lived.
German exports rose 1.2% from the previous month, the Federal Statistical Office said.
Economists polled by Reuters on average had expected a decline of 2.4% month on month.
April’s increase follows a revised 6.0% drop in exports in March.
Exports to China rose 10.1% during the month and those to the United States rose 4.7%, while exports to the European Union rose 4.5%, said office.
“This is a good start to the second quarter for net exports, but we doubt it will be enough to boost GDP growth,” said Claus Vistesen, Pantheon Macroeconomics’ chief eurozone economist.
Imports fell 1.7% from March, while analysts had expected a 1.0% decline.
The foreign trade balance showed a surplus of 18.4 billion euros in April, against 14.9 billion euros the previous month.
(Report Rachel More and Maria Martinez, Augustin Turpin, edited by Blandine Hénault)
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