German imports surged to their highest level in June and are expected to grow further, in a small step towards rebalancing the global economy that analysts said could stymie criticism over Europe's largest economy's export model.
Seasonally adjusted imports grew by 1.9 per cent month-on-month to a new record of €72.4bn ($100bn, £60bn), data from the German federal statistics office showed.
The German data buoyed European markets, sending the Dax-30 index in Germany up 1.5 per cent and the UK's FTSE 100 up 1.4 per cent.
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