Greek ex­ports con­tin­ued their re­cov­ery in Novem­ber

Kathimerini English - - Focus - EVGENIA TZORTZI

The rise in ex­ports con­tin­ued in Novem­ber, com­ing to 4.2 per­cent on a monthly ba­sis or 11.1 per­cent not in­clud­ing fuel prod­ucts. This was the fourth con­sec­u­tive month with a rise in the value of ex­ports, which has re­duced to just 2.1 per­cent the to­tal de­cline on an annual ba­sis recorded in the first 11 months of 2016.

Data an­a­lyzed by the Pan­hel­lenic Ex­porters’ As­so­ci­a­tion showed that the to­tal value of ex­ports came to 2.21 bil­lion eu­ros in Novem­ber, up from 2.12 bil­lion eu­ros in Oc­to­ber. The sum of ex­ports in the year to end-Novem­ber came to 23.1 bil­lion eu­ros against 23.6 bil­lion in the first 11 months of 2015.

Ex­porters’ as­so­ci­a­tion sources say that the fig­ures col­lected make it pos­si­ble that a new ex­ports record could be recorded in 2016 for a sec­ond year in a row, when the De­cem­ber fig­ures come in too.

At the same time, an im­prove­ment of the cli­mate in com­merce has also re­sulted in the rise of im­ports, which in­creased 2.9 per­cent in Novem­ber from Oc­to­ber 2016 and tak­ing the rise of 2016 (in the Jan­uary-to-Novem­ber pe­riod) to 0.5 per­cent, or 6.4 per­cent not in­clud­ing fuel prod­ucts.

Con­se­quently the coun­try’s trade deficit ex­panded by 4.3 per­cent year-on-year to 16.9 bil­lion eu­ros in­clud­ing fuel, or by 11.8 per­cent ex­clud­ing fuel prod­ucts.

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