Don't miss

Replay


LATEST SHOWS

FOCUS

The battle against illegal fishing in West Africa

Read more

DOWN TO EARTH

Trump has already quit the Paris climate deal - just not publicly

Read more

#TECH 24

The Ice Memory Project: A treasure trove for future scientists

Read more

ENCORE!

Cannes 2017: Stars dig deep at AIDS gala dinner

Read more

FASHION

French fashion designer Jacquemus declares his love for Marseille

Read more

PEOPLE & PROFIT

A piece of work: New French government braces for labour law reform

Read more

#THE 51%

Ridding workplaces of sexism: What companies can do to banish outdated attitudes

Read more

REPORTERS

Exclusive: Inside the battle for Mosul, chaos on the ground

Read more

YOU ARE HERE

The Marais district, the beating heart of Paris

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)