Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Save the Children CEO on Rohingya crisis: 'Children are being shot at'

Read more

BUSINESS DAILY

British PM expected to make offer to Brussels in upcoming speech

Read more

THE POLITICAL BRIEF

French labour reforms: Will protests make Macron back down?

Read more

IN THE PAPERS

'US threatens to totally destroy North Korea'

Read more

IN THE PAPERS

Are hurricanes an uncontrollable phenomenon?

Read more

EYE ON AFRICA

Kenyan chief justice says judges are receiving 'aggressive' threats

Read more

MEDIAWATCH

Multilateralist Macron is the anti-Trump at UN General Assembly

Read more

FOCUS

Rio mired in economic crisis a year after hosting Olympics

Read more

ENCORE!

Elizabeth Strout: 'There’s something emotionally truthful about my characters'

Read more

Business

Austria swings into trade deficit

Latest update : 2009-03-09

Austria ran up a trade deficit of 1.8 billion euros in 2008, the biggest trade deficit since 2003, as imports grew faster than exports, official data showed Monday.

AFP - Austria swung into a trade deficit last year as imports grew faster than exports, official data showed Monday.

Austria ran up a trade deficit of 1.80 billion euros (2.3 billion dollars) in 2008, compared with a surplus of 425 million euros in 2007, Statistik Austria said.

It was the biggest trade deficit since 2003.

Exports grew 2.3 percent to 117.3 billion euros, while imports rose 4.3 percent to 119.1 billion euros, a statement said.

In December alone, the trade deficit widened to 743.2 million euros from 444 million euros in November and compared with a deficit of 467.7 million euros in December 2007.

Date created : 2009-03-09

COMMENT(S)