8月德国对美出口额环比下降2.5%，连续第5个月下滑

Core Points - Germany's exports to the United States fell by 2.5% in August, marking the fifth consecutive month of decline [2][3] - The export value to the U.S. reached €10.9 billion, the lowest level since November 2021, with a year-on-year decrease of 20.1% [3] - The automotive and parts sector is a significant contributor to Germany's trade surplus with the U.S., but U.S. tariffs have pressured exports [3] Trade Situation - The German wholesale and foreign trade association indicated that the external trade situation remains severe, with stagnation persisting for several months [5] - The German federal government’s autumn economic forecast reported a 0.3% decline in GDP for Q2, with continued weak performance expected in Q3 [7] - Economic growth is projected to be modest at 0.2% for the full year of 2025, with potential acceleration to 1.3% starting in 2026, although external uncertainties from U.S. trade policies pose risks [7]