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Financial News: Austria Trade Balance Turns To Deficit In June

Austria Trade Balance Turns To Deficit In June

09/08/2017 - 07:51:00 (RTTNews)

(RTTNews) - Austria's foreign trade balance turned to a deficit in June from a surplus in the previous year, preliminary figures from Statistics Austria showed Friday.

The trade balance came in at a shortfall of EUR 43.35 million in June versus EUR 31.79 million surplus in the corresponding month last year.

Exports rose only 0.6 percent year-over-year in June and imports climbed by 1.3 percent.

During the first half of this year, total trade deficit of the country was EUR 2.2 billion, up from EUR 1.59 billion in the same period of 2016. Both exports and imports grew by 8.0 percent and 8.7 percent, respectively.

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