Exports surge as govt claims tide has turned!


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    …but IMF states still more to be accomplished…


    Exports jumped 18.6 percent from a year earlier to €20.398 billion while imports rose 7.2 percent to €22.04 billion.

    A trade surplus is a factor of growth in an economy, whereas a deficit tends to sap growth.

    “Particularly noteworthy are the increases in exports to emerging economies with the highest growth potential,” the ministry said in a statement.

    The biggest increase in exports was to markets outside of the European Union. Exports soared by 32.1 percent to China, 85 percent to Brazil and 151.9 percent to South Africa.

    By comparison exports to the rest of the European Union, where Spain’s main trading partners are also battling recession, were up by 13.2 percent.

    Exports of automobiles and motorcycles jumped by 26.8 percent, textiles by 32.3 percent and transportation equipment by 61.8 percent.

    Where is Logan? Wasn’t he sneering at this possibility – stating that exports would drop dramatically because of troubles in France??

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