German exports rose more than expected in September by 2% compared with the previous month, driven mainly by demand from European Union countries, data, opens new tab from the federal statistics ⁠office showed on Monday. Analysts polled by Reuters had forecast a 0.5% increase, following two consecutive drops in August and July. Alexander Krueger, chief economist at Bethmann HAL Bank, said the figures bode well for Germany’s ⁠economy overall, showing some resilience to competition from China. “Foreign trade is likely to underpin economic growth for ⁠the time being, but not drive it,” he said. ... (full story)