Strong trade data pushed Germany’s stock market to a record high on Tuesday, with both import and export figures both soaring in March.
The data showed the third straight monthly rise for German exports, as Europe’s biggest economy continues to shrug off worries of a European economic slowdown.
Seasonally adjusted exports rose by 0.4 percent on the month to hit a record high of 105.4 billion euros, with imports also up by 2.4 percent to 85.8 billion euros.
This follows Monday’s news that German factory orders rose for the second consecutive month in March.
“German exports had an impressive first quarter,” BGA trade association head Anton Börner said.
“It is astonishing how the German economy is defying global risks, whether politically or economically,” Börner added.
At midday the German DAX had hit record intraday highs, before slowing slightly to trade up 0.55 percent at 12,762.87.
Job vacancies also hit a record high, jumping to 9,000 in the first quarter of 2017, according to new research from the IAB institute. That means there were 75,000 more vacancies than a year earlier, often a sign of a robust economy.