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Austria's Trade Deficit Shrinks In October

Austria's trade deficit narrowed in October from a year earlier, the latest data from Statistics Austria showed Thursday.

The shortfall declined to EUR 97.6 million in October from EUR 793.06 million deficit in October 2012.

The country's overall exports grew 6.3 percent year-on-year in October while imports rose just 0.2 percent. The value of exports amounted to EUR 12.08 billion and imports totaled EUR 12.18 billion.

During January-October, exports grew 1.3 percent year-on-year to EUR 105.26 billion. Imports increased 1.9 percent to EUR 10.8.89 billion. The trade deficit for the ten-month period stood at EUR 3.62 billion.

by RTTNews Staff Writer

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