Germany's exports rose faster than expected in June, a further sign of recovery in Europe's biggest economy. Exports were up 3.8% compared with a month earlier, and up 29% on the year, according to Germany's federal statistics office. Investors hope the strong figures mean Germany's economy grew faster in the second quarter of the year. Exporters' profits have been boosted recently by strong demand from Asia and other emerging economies. Exports to countries outside the eurozone grew by 37% compared with a year ago, the figures showed, while exports to the eurozone were up 22%. The growth has widened Germany's trade surplus, with the value of exports now 12.3bn euros ($16.3bn; £10.2bn) greater than the value of imports. Imports also rose in June, by 1.9% compared with May.
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