Germany: imports stable as strong domestic consumption/demand - TopicsExpress

Germany: imports stable as strong domestic consumption/demand persists. Export growth collapsed 3.2% year-over-year, being the worst fall since 2009. Exports to Eurozone (40% of Germany`s total exports) fell 9.6%, exports to the rest of the world plunged 1.6%. The DAX went up, as bad news are good news for the markets, especially after the ECB President Mario Draghi had indicated that the central bank is willing to pump more money into the financial system.

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