Fin24

July trade deficit widens to R6.7bn

2012-08-31 14:22

Johannesburg - South Africa‚Äôs trade deficit widened to R6.7bn in July  from a R5.7bn shortfall in June, the South African Revenue Service said on Friday.

Exports increased by 2.9% month-on-month to R63.5bn in July while imports rose by 4.1% to R70.2bn, Sars data showed.

Economists surveyed by Reuters expected a shortfall of R5.6bn for July.

The cumulative deficit for the year to date amounted to R57.3bn compared to R6.9bn during the same period in 2011, Sars said.


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