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Portugal Feb. Export Growth Stable, Imports Fall

Portuguese exports increased at a steady pace compared to a year earlier in February, data from Statistics Portugal showed Monday.

Exports of goods rose 13.2 percent annually in February, nearly at the same pace as in the previous month. On a monthly basis, exports grew 6.1 percent.

Imports, on the other hand, fell 3.5 percent, erasing previous month's gain of 3.1 percent. Month-on-month, imports dropped 2.6 percent.

Shipments increased 10.2 percent in the quarter ended in February compared to the same period last year. Imports, however, decreased 6 percent. This led to a EUR 1.83 billion decrease in the trade deficit during the period.

by RTTNews Staff Writer

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