Exports grow 1.5% and imports by 4.9% in May … – Economic

Exports grow 1.5% and imports by 4.9% in May … – Economic

Economic

00:05

Exports increased by 1.5% and imports 4.9% in the quarter ended July yoy, prompting an increase in the trade deficit to EUR 527 million, announced yesterday the National Statistics Institute (INE) .

According to the INE, this development led to a decrease in the coverage rate by 2.7 percentage points to 82.6%. In the previous quarter, April to June, exports had retreated 0.5% and imports had grown 1.7%. Oaumento of imports is a consequence of the recovery of private consumption variable that this year will have a performance above the originally planned by the Government (although penalized accounts in the second quarter.