Exports of Valencia remained in the first half of vigorous path of late with an increase of 7 3%, the highest among the autonomies more geared towards the exterior, while the whole of Spain finished deadlocked, a very disturbing when you consider that the foreign sector has exerted locomotive of the fledgling country’s recovery dynamics and is considered cornerstone of Spanish options leave the crisis. However, the data released yesterday by the Ministry of Economy, for the month of June, is consistent with the signs of weakness that have highlighted the major eurozone economies in the second quarter.
So, the only Spanish exports between January and June increased 0.5% in the last month of the quarter were down 1.2%, mainly due to the decrease of 2.3% and 0 , 1% in sales to France and Italy, respectively, while the other big market, Germany, recorded a rise of 5.4%. In contrast, imports recorded an increase of 5.3% over the period (and a tenth in June), so that the trade deficit totaled 11.882 million euros, slightly more than double compared to 104% first six months of 2013 Economics said yesterday that the fall in exports is not due to a loss of productivity, but the slowdown in some countries and buyers noted that the rise in imports reflects the improved performance of domestic demand, the recovery is essential to overcome the crisis.
The Valencia, meanwhile, closed the half with a trade surplus of 1,842 million, 15.8% higher than the same period in 2013, thanks to the 6% increase in imports was offset by that 7.3% of exports. Other communities with strong external vocation saw their sales fell, if Andalucía (2.7%) and Madrid (13.8%), or rose very slightly, as Catalonia (1.8%). Of the two main exporting consignments Valencia, the car grew by 13.9%, while food, beverages and snuff, not yet touched by the Russian veto, fell 5.2%.
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