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Weak euro bolsters exports from Germany

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Germany’s trade surplus hit a record high in July, as a weaker euro helped bolster exports to countries outside the eurozone, particularly the U.S.

The Federal Statistical Office said that exports rose 2.4 percent to 103.4 billion euros ($115.25 billion), adjusted for calendar and seasonal variations. Imports rose 2.2 percent to 80.6 billion euros for a 22.8 billion euro surplus.

German exports rose by an annual 6 percent to countries inside the European Union, and by 5.5 percent to the countries using the euro currency. Exports to markets outside the EU surged 6.4 percent.