German exports unexpectedly rebounded in March, capping what looks like a surprisingly solid quarter for Europe’s largest—and recently enfeebled—economy.
Exports climbed 1.5 percent from February and imports, a sign of domestic strength, rose 0.4 percent. Economists had forecast that exports would decline. The nation’s current account surplus almost doubled to 30.2 billion euros ($34 billion), the widest gap in two years.
German industrial output also unexpectedly advanced in March, figures showed earlier in the week. Factory orders climbed, albeit at a slower pace than forecast. German first-quarter GDP figures will be released next week.