Germany, import/export prices still down in July

Germany importexport prices still down in July

(Finance) – The i import prices in Germany a July 2023. The data, communicated by the Federal Statistical Office of Germany (DESTATIS), recorded a monthly decrease of 0.6%, against the +0% expected by analysts and after the -1.6% in June.

On an annual basis a decrease of 13.2% was recorded (-12.9% the consensus) compared to -11.4% in the previous month.

Net of products oil and miningprices were down 11% year-over-year and 1% month-on-month.

As for the prices at exportsthere was a decrease of 3.2% on the year and a decrease of 0.3% compared to the previous month.

(Photo: CHUTTERSNAP on Unsplash)

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