Export momentum has continued to decline

In September, exports in euro declined by 2.3 percent, while imports rose 6.3 percent. Foreign trade surplus was 268 million euros, 699 million euros less than a year before – the Central Statistical Office (KSH) reported its first estimate.

In year-to-year comparison, exports fell for the third time in September following March’s 3.0 and the 0.7 percent fall of May. The 268 million euro export surplus since December 2014 has been the most modest, with the exception of the under 31 million euros of a month earlier, when exports increased by 0.8 percent, with a slight increase of 6.2 percent. (MTI)