Surpluses in June rose above analysts’ expectations

In June, the second-highest foreign trade surplus of all time surprised the analysts, but did not shake their conviction that import and export growth will accelerate further this year as a result of rising investment and consumption, and the declining surplus will slow down GDP growth.

According to the first estimate of the Central Statistical Office, in June, the value of exports in euro was 8.9 and its import was 8.4 percent higher than the one-year-ago figure, while the surplus in foreign trade was more than 1 billion for the first time in two years, reaching 1.071 million euros, 120 million more than in last June. (MTI)