BERLIN—German exports rose slightly more than expected in August despite a cooling global economy, rising interest rates and material shortages, the statistics office said on Wednesday.
Stronger demand from the United States and China helped push exports to 133.1 billion euros ($132.59 billion) in August, up 1.6 percent from the previous month.
Imports also increased more than expected, rising 3.4 percent to 131.9 billion euros, the seventh month in a row of growth.
A Reuters poll had predicted a month-on-month rise in both exports as well as imports of 1.1 percent.
Analysts welcomed August’s numbers but warned that amid a gloomy economic outlook, exports could become a drag on growth….