Austria’s trade deficit narrowed in May as exports grew at double the pace than imports, provisional results from Statistics Austria showed on Friday.
The trade deficit increased to EUR 362.3 million in May from EUR 834.08 million in the same period last year.
Exports advanced 8.2 percent and imports grew 4.1 percent annually in May.
The trade with EU nations resulted in a deficit of EUR 368.8 million in May compared to a deficit of EUR 334.9 million in the previous year.
During the January to May period, exports gained 5.4 percent and imports rose 5.6 percent, resulting in a trade deficit of EUR 2.14 billion.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
