German exports recovered in November but remained below pre-coronavirus levels | Instant News

(MENAFN) On Friday, January 8, the Federal Statistical Office (Destatis) stated that German exports during November 2020 increased by 2.2 percent compared with October to 111.7 billion euros (USD136.6 billion).

During November, German exports continued to recover from the decline caused by the coronavirus pandemic but remained 4.7 percent lower compared to February 2020, the month before the constraints started in the country.

Destatis said Indonesia’s exports to China continued to increase and had reached 14.3 percent compared to last year, around USD11.36 billion in November.

Christian Grimme of the Center for Macroeconomics and Surveying at the Ifo Institute told Xinhua on Friday that the main reasons for this were China’s “fast economic recovery” and “faster control of the coronavirus.”

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