Germany’s domestic demand might be taking the helm


Data from the Federal Statistics Office show that despite international instability in Ukraine, Israel and Iraq, the German domestic demand remained strong and this could have a positive impact for the eurozone’s exporters.  Compared with June 2013, exports to the EU countries increased by 2.6% and imports by 5.0%. Goods to the value of € 34.8 billion (+0.3%) were dispatched to the Euro area countries in June, while the value of the goods received from those countries was € 35.7 billion (+4.0%).

However, concerns of a possible contraction in the 2Q are growing and Russian sanctions’ impact on the largest Europe’s economy could definitely slow down the European recovery. Meanwhile, DAX-30 index has contracted already below the 9000 points mark for the first time in five months.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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