German exports fall for first time in five months, deepening recovery fears

Published on

08/09/2026 - 12:04 GMT+2

Is Germany's economic recovery running out of steam? Exports fell in July for the first time in five months, according to official data published on Tuesday, reviving doubts about how solid the rebound in Europe's biggest economy really is.

Exports dropped 0.8% from the previous month to €138.2 billion, weighed down by weaker demand from the eurozone and China, according to provisional data from statistics agency Destatis.

Analysts surveyed by financial data firm FactSet had expected a smaller decline of 0.5%, making the fall steeper than markets had priced in.