German exports surged in March

German exports soared in March by 7.4 per cent compared to the previous month, official data showed yesterday. The spike saw the German trade surplus reach a six-month high of €15.3bn (£13.4bn), up from €11.2bn – the third sharpest monthly increase in the last nine years. Imports grew by 3.3 per cent compared to February. “Yet according to our preliminary calculation, the contribution of net trade real GDP growth should be zero in the first quarter of this year,” said Thorsten Polleit of Barclays Capital.