Booming German trade suggests roaring second quarter

Germany reported soaring trade figures on Monday, suggesting that second-quarter growth in Europe's powerhouse economy could be the strongest since reunification 20 years ago.

Germany, the world's second-biggest exporter after China, said that provisional figures exports rocketing 28.5 percent to 86.5 billion euros (115 billion dollars) in June, the highest level since October 2008.

Imports soared 31.7 percent to hit a new record of 72.4 billion euros meanwhile, an all-time peak since statistics were first compiled in 1950, the Destatis statistics office added.

For more: AFP: Booming German trade suggests roaring second quarter