BERLIN — German exports fell sharply in July, in another sign of weakness from Europe’s largest economy.

The Federal Statistical Office said Friday that July exports dropped by a monthly 2.6 percent to 97.1 billion euros ($109.7 billion) in seasonally adjusted terms, while imports fell 0.7 percent to 77.7 billion euros. As a result, the trade surplus narrowed to 19.4 billion euros.

In unadjusted terms, exports were down 10 percent over July 2015.

Following a drop in industrial production reported earlier in the week, ING economist Carsten Brzeski says the data confirms “the former powerful engine of the German economy — industry — is stuttering.”

He says “a further cooling of the economy in the months ahead should give more support to just-started discussions about fiscal stimulus.”

VIAThe Associated Press
SHARE
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.