German exports rise as country tries to avoid recession

Official figures show that German exports rose unexpectedly in September

Germany's statistics agency Destatis said exports rose by a monthly 1.5% in September, way ahead of market forecasts for a 0.3% increase. August's decline was revised to show that exports only fell by 0.9%, half the original estimate of 1.8%.

He added that "still, contraction or not, the fact remains that the German economy has been in de facto stagnation for more than a year. This is clearly nothing to become too cheerful about."

Services companies and the jobs market have held up well in Germany, but the industrial sector, led by autos and factory machinery, has seen a decline in activity.