Sumary of China pulls German trade up, but Brexit hits UK business:
- Article content BERLIN — German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in Europe largest economy despite a sharp drop in trade with the United Kingdom after Brexit..
- Seasonally adjusted exports increased by 0.9% on the month after an upwardly revised rise of 1.6% in January, the Federal Statistics Office said on Friday..
- German exports to the United Kingdom fell by 12.2% on the year in February and imports slumped 26.9%, the German Federal Statistics Office said..
- That final split followed more than four years of wrangling over its terms of exit from the EU, during which German businesses had already begun to reduce their interactions with Britain..
- “German companies are benefiting from strong foreign demand… even if there are setbacks at the moment, things tend to look good for German industry,”…