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Further improvements in manufacturing "should once again stabilize the labor market" at a time when many people already are returning to full-time work, he added. The euro sank to a four-year low in early June on fears about the eurozone's debt crisis, making European exporters' goods more competitive abroad. The euro has since recovered, but remains well short of the levels it reached late last year. Germany's foreign trade surplus rose to euro14.1 billion in June -- up from euro9.8 billion in May and euro12.3 billion a year earlier, the statistical office said. June exports to other countries in the European Union were up 23.5 percent from a year earlier to euro52.6 billion, with euro35.7 billion of that going to Germany's partners in the 16-nation eurozone
-- a 22 percent increase. Exports to other countries were up an even stronger 37.3 percent to euro37.3 billion. For the whole of the year's first half, German exports totaled euro458.4 billion
-- an 18.2 percent rise compared with January-June 2009. Imports increased to euro383.8 billion, a 16.8 percent rise.
[Associated
Press;
Copyright 2010 The Associated Press. All rights reserved. This
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