German exports and imports hit record highs in July
German exports and imports hit record highs in value terms in July, suggesting foreign appetite for goods from Europe's largest economy remains robust despite a slowdown in China, while domestic demand is also holding up well.
Seasonally adjusted exports climbed by 2.4 percent on the month to 103.4 billion euros while imports grew 2.2 percent to 80.6 billion euros. Those were the highest values since records began in 1991, Federal Statistics Office data showed on Tuesday.
Nonetheless, China is a risk for Germany, which has the greatest exposure to the Asian nation of all EU members. The Ifo institute has warned that exports may falter later this year if China's slowdown hits the economy.
But the BGA trade association has said Germany will set another export record this year despite recent worries about China, while Daimler (DAIGn.DE) said last week that deliveries of its Mercedes-Benz to China climbed 53.1 percent in August.
http://uk.reuters.com/article/2015/09/08/uk-germany-economy-trade-idUKKCN0R80FI20150908
Strong unions and high pay don't seem to be slowing Germany down too much. Republicans take note.