German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus, data published on Thursday showed. Seasonally adjusted exports surged by 9% on the month after diving by 24% in April, remaining almost 27% lower than their pre-crisis level in February, the Federal Statistics office said. Imports rose by 3.5% after a slump of 16.6% the previous month, suggesting that consumption in Europe’s largest economy remained weak. The trade surplus increased to 7.6 billion euros. Economists polled by Reuters had expected exports and imports to rise by 13.8% and 12% respectively. The trade surplus was predicted to come in at 5.2 billion euros. “All beginnings are difficult: The rise […]