German Exports Post Biggest Rise in 6 Years

German exports rebounded more than expected in August, posting their biggest rise in more than six years, DW reported on Monday.

    German businesses shipped goods and services worth 96.5 billion euros ($107.8 billion) abroad in August, which was 5.4 percent more than in the previous month of July and a staggering 9.5 percent more than in the same month a year ago.

    The rise was the strongest in a month since 2010, the German statistics office, Destatis, said as it released the data on Monday. Imports also rose significantly, climbing 3 percent on the month to a total of 76.5 billion euros, and 5.3 percent year-on-year. Destatis data shows that demand for German goods and services was gaining most strongly in the European Union- up by 10 percent. Countries outside the 28-nation bloc took in 9.6 percent more from Germany. 

    The total volume of exports in the first eight month of the year grew by 0.8 percent on the same period last year, meaning that Europe's biggest economy may be headed toward a new record year regarding exports