Analysts: the increase in imports reflects the rise in domestic demand

The 13 percent increase in imports in August reflects the rise in domestic demand, while exports increased by 10.3 percent in line with the August increase of industrial output, according to market analysts commenting the Monday released preliminary data from the Central Statistical Office (KSH) to MTI.

According to the first estimate of the Central Statistical Office (KSH), the foreign trade surplus was 440 million euros in August, 119 million euros less than in August last year. The annual growth rate of imports has exceeded the growth rate of exports since November, due to the rise in investment and consumption, so except for May, when an only 0.6 percentage points difference occured, the amount of trade surplus was lower than in the same month of last year. (MTI)