Exports from Germany fell more sharply in February than expected by economists. According to the German Federal Statistical Office, exports fell by 1.3 percent compared to a month earlier. That is the strongest fall in exports on a monthly basis in a year.

In general, economists were counting on a contraction in exports of the largest economy in Europe by 0.5 percent. Germany’s exports remained unchanged in January. German imports fell by 1.6 percent in February. Connoisseurs also predicted a minus of 1.6 percent, after an increase of 1.5 percent in January.

Lately, more disappointing economic figures are coming from Germany, which is struggling with the weakening world economy, trade tensions, production disruptions in the car industry and uncertainty due to brexit.

ING economist Carsten Brzeski speaks of a new disappointment for the German economy. He does, however, see several bright spots for German trade, such as less negative exchange rate effects, signals about an improving world trade and a possible trade agreement between the United States and China.

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