Austria's Trade Deficit Widens In July

Austria's Trade Deficit Widens In July

Austria's merchandise trade deficit increased from last year in July, data released by Statistics Austria showed Friday.

The trade deficit increased to EUR799.29 million in July from EUR773.69 million in the same month last year.

Export of goods increased 5.1 percent annually to EUR10.55 billion during the month. Shipments to non-European Union (EU) countries and EU states advanced 14.3 percent and 0.9 percent respectively.

Imports rose 5 percent year-on-year to EUR11.35 billion. Arrivals from third countries climbed 19.6 percent, while those from EU states dropped 0.6 percent.

During the January-July period, the trade balance was a deficit of EUR4.71 billion. Exports and imports gained 2.1 percent and 1.9 percent respectively during the three-month period, data showed.