Germany witnesses upswing in exports in 1H2010; core budget shows cash deficit of EUR33bn

Germany's Federal Statistical Office stated (10-Sep-2010) all major economic sectors of the German export business benefited from the upswing of exports in 1H2010, which were up 17.1% to EUR458.3 billion. The Office separately stated (10-Sep-2010) the core budget in 1H2010 showed a cash deficit of EUR32.9 billion, more than twice as high as in 1H2009 (at EUR14.7 billion).