BERLIN—The value of German exports jumped by 4.5 percent in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices.
Exports rose for a third month in a row, beating forecasts for a 1 percent increase and pushing Germany’s seasonally adjusted trade surplus to 6.4 billion euros ($6.51 billion) in June, well above consensus for a 2.7 billion euro surplus.
Preliminary data last month had shown Germany posting its first trade deficit in more than 30 years, but the May figure of -1.0 billion euros was revised on Wednesday to a surplus of 0.8 billion euros….