• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Spain cuts official trade deficit

Aug 16 2012 16:33 AFP

Related Articles

European shares touch 4-month highs

Spain debt auction a success

Shares fall as stimulus hopes fade

Spanish economy shrinks faster

Spanish unemployment nears 25%

Shares fall as Spain worries intensify

 

Madrid - Spain further reduced its trade deficit in June compared to a year earlier, official data showed on Thursday, a rare advance in its efforts to strengthen its recession-hit economy.

The trade deficit was reduced by 31.2% compared to June 2011, to €2.7bn, the economy ministry said.

Imports fell 1.4% to €21.568bn while exports rose by 5.1% to €18.868bn, the ministry said in a statement. Food exports rose but so did energy imports.

Exports are the only counterweight to a recession that is expected to continue next year amid austere measures to correct the public finances and restructure the economy.

The ministry's previous figures showed that the trade deficit fell by 43.5% in May.

Over the first six months of this year the trade deficit fell by 22.5% to €18.641bn on a 12-month comparison, Thursday's figures showed.

*Follow Fin24 on Twitter, Facebook and Google+.

spain  |  trade deficit
NEXT ON FIN24X

Let's bring back respect

9 minutes ago

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...