The reaction follows a report in the Business Insider that reveals Germany’s economy continues to improve as the country’s trade surplus hit a new peak in July after an impressive increase in their exports.
The report from the country’s financial centre in Frankfurt has stated that the value of Germany’s exported goods totalled €98.2 billion in July of this year, a huge increase of 4.7 per cent on the previous month. Combined with the decrease in imports to €76.1 billion, the country finds itself in the enviable position of enjoying a trade surplus (the balance between imports and exports) that has increased to over €22.2 billion.
This upward trajectory is symptomatic of Germany’s strict fiscal policy and the country now appears to be reaping the rewards of such financial stability. A trade surplus of this size is a direct result of an emphasis on the creation of growth and wealth that has been promoted in the country in recent years.
Countries outside of Europe were the major benefactors of Germany’s increase in exports, rising by a huge 15.9 per cent, as well a 9.6 per cent increase to countries within the European Union and a 6.2 per cent increase to those in the wider Eurozone.
A spokesperson for Interdean, leaders in the field of international relocation, has released a statement following the news.
‘Germany’s increasing economic strength is undoubtedly a driving factor behind the increasing number of expatriates that continue to move there.
‘With such a high increase in their trade surplus figures between June and July of this year, it is a trend that does not look like slowing any time soon. The offer of prosperity to new residents, especially when much of Europe has been in financial difficulty for such a long period of time, is an extremely appealing factor to many people and something that will influence the decisions of prospective expats across the world.’
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