10 Aug 2010

Germany's economy gathers pace

12:15 pm on 10 August 2010

Germany has reported a 29% surge in exports for the year ending June, widening its trade surplus to 12.3 billion euros.

There has been strong demand for German cars and machinary from Asia, and the euro's recent weakness has made prices more competitive.

Analysts said demand for German goods was especially strong in China, and the boost could mean Germany's economy was now growing faster than previously thought, the BBC reports.