Austria: Exports Rise in First Half 2012

BusinessEconomy ♦ Published: September 27, 2012; 17:35 ♦ (Vindobona)

Despite the difficult economic backdrop, exports underwent slight growth in the first six months of the year. Developments in foreign trade with third countries were particularly positive.

Austria: Exports Rise in First Half 2012 / Picture: ©

According to preliminary results for the first half 2012 by Statistics Austria , goods exports were up by 1.6% on the previous year, amounting to € 61.54bn. Imports rose by 1.1% to € 65.3bn. This marks a significant slowdown in Austrian foreign trade in comparison to 2011, a year which saw double-digit growth rates. At the same time the trade deficit decreased slightly from € 4bn…