Austria August Trade Deficit Narrows

Trading 09 nov 2018 Donner votre avis

Austria's merchandise trade deficit for August narrowed markedly from the same month last year, preliminary figures from Statistics Austria showed Friday.

Exports rose 5 percent year-on-year to EUR 11.32 billion and imports increased 2.7 percent to EUR 11.90 billion.

Consequently, trade deficit narrowed to EUR 0.59 billion from EUR 0.81 billion a year ago.

On a working-day adjusted basis, exports rose 5.2 percent and imports increased 4.4 percent.

Exports to the EU grew 7.0 percent and imports from the region rose 2.9 percent. Non-EU exports were up by 0.8 percent.

For the January to August period, exports grew 6.5 percent and imports rose 5.5 percent from the previous year. The trade balance showed a shortfall of EUR 3.17 billion versus EUR 3.84 billion a year ago.

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