German exports a bit lower in June, add to economic clouds

BERLIN (AP) — German exports were a little lower in June than the previous month and dropped 8% in year-on-year terms, reinforcing expectations that data due next week may show the economy shrank slightly in the second quarter.
The Federal Statistical Office said Friday that exports were 0.1% lower than in May in seasonally adjusted terms, following a steep 3.2% drop in April and a partial 1.3% recovery in May. Imports rose 0.5% on the month but were down 4.4% in year-on-year terms. Month-