Portugal with negative trade balance in 527 million – Economic

Portugal with negative trade balance in 527 million – Economic

Peter Tinker

pedro.latoeiro@economico.pt

13:42

The Portuguese economy recorded a deficit of EUR 527 million in the trade balance in the quarter ended in July, according to the National Statistics Institute (INE).

This negative balance reflects an annual growth 1.5% of a simultaneous increase of 4.9% in imports during this period exports.

Imports grew more than exports in the EU market as much in trade relations with countries outside the European Union (EU).

In the quarter increased by 10.9% in exports of consumer goods contrasted with the fall of 10.7% of the outputs of fuels and lubricants, the report of . INE, incorporating new methodological changes

Considering only the annual variation July, the pace of export growth waged on all fronts: increased 1.7% to EU countries, due to the progression of 7.9% the previous month; and increased 0.1% outside the EU after gaining 5.5% in June.