Higher trade deficit in the European Union
According to information published today by the European statistical office Eurostat, the first estimates the trade balance of the euro with the rest of the world for the month of June 2008 show 100 million deficit. In June 2007 the euro is enjoyed 7.5 billion trade surplus. However, in May this year the deficit was 3.9 billion euros. In June, exports rose by 1.4% and imports by 2.9% from the previous month. Initial estimates for the trade balance of the entire European Union of 27 members shows a deficit of 20.1 billion euros in June, as a year earlier the minus was 9.1 billion for the increase of foreign trade deficit in the EU as we know, serious and Bulgaria contributes, with a negative balance of 3.9 billion euros for the period. Imports of EU on a monthly basis in June 2008 has increased by 2.7% and exports by 0.5%.
Most significant is the shortage of the European Union's energy sector - 148.6 billion for the period January - May 2008, compared with slightly over 100 billion euros for the same period of 2007. Foreign trade surplus has in trade with machinery and vehicles (+59.9 billion compared with +44.0 billion).
Labels: Financial News
posted by Zoritza Petrova @ 11:40 PM
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