The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Germany's exports grew more than expected in February reflecting strong demand from the US and China, official data revealed Tuesday.
Exports increased 4.0 percent from January, when shipments were up 2.5 percent, Destatis reported. This was the second consecutive rise. Growth was also better than the expected 1.6 percent gain.
At the same time, imports rebounded 4.6 percent month-on-month, in contrast to the 1.4 percent fall logged in January. This was much bigger than the expected growth of 1.0 percent.
The trade balance showed a stable surplus of EUR 16.0 billion in February. The trade surplus was forecast to increase to EUR 17.0 billion as economists widely expected imports to log a slower growth in February.
On a yearly basis, exports growth more than halved to 6.3 percent from 12.8 percent in the previous month. Likewise, imports grew 2.6 percent, weaker than January's 9.1 percent expansion.
As a result, the trade surplus increased to an unadjusted EUR 16.9 billion from EUR 12.1 billion in the same period last year.
Most German exports went to the United States in February, with goods shipments rising 9.4 percent from the previous month.
Shipments to China advanced 10.2 percent and those to the UK grew only 2.5 percent. Most imports to Germany came from China in February, which grew 6.7 percent, while imports from the US declined 8.7 percent and that from the UK slid 4.0 percent.
Exports to Russia declined 14.3 percent on month and imports from Russia plunged 67.2 percent.
Data showed that exports to the euro area gained 1.6 percent and imports from the currency bloc moved up 3.3 percent.
