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Strong demand for German exports

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Destatis, the German Statistical Office, noted that the rise in exports during March was attributable to stronger demand in the eurozone and across the European Union in general. By contrast, the value of goods delivered to overseas markets like the US and China reduced by 3.4 percent in March.

A recent poll among executives by Germany’s foreign chambers of trade, suggested that exporters in Europe’s powerhouse did not look to the future with much confidence.

Almost three-quarters of respondents said they did not expect German exports to grow on a full-year basis in 2016, because of the economic slowdown in a number of crucial overseas export markets and the rise in geopolitical tensions around the globe.