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August data is out: year-on-year, exports fell 2.5% while imports rose 2.6%, to reduce the August trade balance from €14.3 billion to €10.6 billion. Most of the import reduction and export increase is to/from outside the EU, so I'm not sure a trend of further reduction can be easily assumed, with the fall of the Euro since countering the downturn in the USA.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Oct 9th, 2008 at 10:19:10 AM EST
Not to forget the oil price was higher back then as well.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by Martin (weiser.mensch(at)googlemail.com) on Thu Oct 9th, 2008 at 03:52:06 PM EST
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