Germany Trade Balance Swings To Deficit; Exports Unexpectedly Fall

Germany's trade balance logged an unexpected deficit in May as trade disruption dampened exports, while rising energy prices pushed up imports, data from Destatis showed on Monday. Exports dropped unexpectedly by 0.5 percent on a monthly basis in May, reversing April's 4.4 increase. Shipments were forecast to grow 0.9 percent.Original Article