09.11.201805:01:00UTC+00Austria August Trade Deficit Narrows

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.