Germany which is europe's biggest economy and industrial powerhouse has recorded its first monthly trade deficit since 1991this is import prices jumped federal office said : Exports reached 131.5 billion dollars in may . While imports came at around
126.7 billion dollars . The figure resulted in a foreign trade deficit of over 1 billion dollars for export dependent country which is a psychological blow to europe's biggest economy . Also Germany has seen exposed to Russia recovering by almost 30 percent in may
compared to previous month. This following 60 percent drop in in April due to war in Ukraine and other sanction. Volume of exports to Russia from Germany last month remain less than half of what they were in may of 21 . Monthly deficit is also Germany first since year
after German reunifications and Germany dominant manufacturing base has faced disruption from google supply chain problem which have been caused by panademic and lockdowns in china . Now soaring and energy prices weaker demand for good is also hitting
demand hard . Figure published showed manufacturing output across eurozone was down in zune for first time since steps of initial lockdown in 2020 .
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