India, May 7 -- Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery.
Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to climb 0.4 percent.
At the same time, the monthly increase in imports eased to 0.3 percent from 3.0 percent in the previous month. Nonetheless, the outcome was better than the expected 1.0 percent decrease.
As a result, the trade surplus increased to EUR 22.3 billion in March from EUR 21.4 billion in the previous month. The surplus ...