German exports posted a surprise decline in May amid a sharp fall in demand in the recession-hit Euro zone, data released on Monday showed.
Exports fell 2.4 per cent in May in comparison to April, ending two-consecutive monthly rises, the statistics office said.
Analysts had forecast a 0.1-per-cent gain after they climbed 1.4 per cent in April.
A pick-up in the domestic economy resulted in imports rising 1.7 per cent month-on-month after analysts had predicted they would come in unchanged.
Germany posted a seasonally adjusted trade surplus of €14.1 billion ($18 billion) in May, down from €17.5 billion in April.
In comparison to May 2012, exports dropped 4.8 per cent in May while imports declined 2.6 per cent.
Leading the fall in exports was a 9.6-per-cent, year-on-year drop in shipments to the 17-member Eurozone.
Exports to non-European nations — which include the world’s two biggest economies, the United States and China — fell 1.6 per cent.
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