Trade deficit soared 27.4 pct in Sept, down 13.6 pct for year

EconomyMacroeconomy Tags: ELSTAT, Trade

Greece’s trade deficit soared 27.4 percent to 1.63 billion euros in September, while the respective 9-month figure retreated 13.6 percent to 14.47 billion, according to the Hellenic Statistical Authority (ELSTAT).

The change to September shows a sustained deceleration since the drop in the trade deficit peaked with a 20.5 percent decline at the end of April. This reversal is down to imports increasing and exports dropping in two of the preceding three months.

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