Narrowing of trade deficit slows in November as exports fall 22.5 pct

EconomyMacroeconomy Tags: ELSTAT, Trade

Greece’s trade deficit narrowed 2.4 percent to 1.54 billion euros in November, while the respective 11-month figure fell 12 percent to 17.86 billion, according to the Hellenic Statistical Authority (ELSTAT).

The change to November shows a continued 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 exports decreasing at a higher rate than imports.

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