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Financial News: Austria July Exports Surge

Austria July Exports Surge

10/09/2018 - 03:45:00 (RTTNews)

(RTTNews) - Austria merchandise exports for July strongly increased from a year ago, preliminary figures from Statistics Austria showed on Tuesday.

Exports rose 11.8 percent year-on-year to EUR 12.82 billion and imports grew 8.5 percent to EUR 12.94 billion. That resulted in a trade deficit of EUR 0.12 billion.

On a working-day adjusted basis, exports rose 7.6 percent and imports increased 5.9 percent.

Exports to the EU grew 11.7 percent and imports from the region rose 7.2 percent. Non-EU exports were higher by 11.9 percent.

For the January to July period, exports grew 6.6 percent and imports rose 5.6 percent from a year ago. The trade balance showed a deficit of EUR 2.40 billion.

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