Germany posts trade deficit for the first time since 1991

The national flag of the Federal Republic of Germany over the Bundestag building in Berlin. Archival photoMOSCOW, July 4Germany for the first time since 1991 recorded a foreign trade deficit — in May of this year it amounted to 1 billion euros, follows from the report of the country's Federal Statistical Office (Destatis). Analysts polled by DailyFx , expected, on the contrary, a surplus — at the level of 2.7 billion euros. According to Bloomberg, the deficit was recorded in Germany for the first time since 1991. Exports in May fell by 0.5% compared to April after rising by 4.4% a month earlier, experts predicted an increase of 0.9%. Imports at the same time grew by 2.7% in monthly terms after rising by 3.5% in April, analysts had expected growth by 0.9%. In annual terms, Germany's exports and imports in May increased by 11.7% and 27.8%, respectively. inflation