Exports and imports fall in April

After the jump in exports in March, there was a correction in April, as Hellenic Statistical Authority figures yesterday showed a 5.4 percent reduction on an annual basis excluding fuel. When the volatile element of fuel is included exports add up to 2.32 billion euros, up 9.7 percent on April 2016.

Data analysis by the Panhellenic Exporters Association shows a reduction in seven out of 10 exported product categories, reaching up to 28.8 percent in patent-protected commodities etc.

There was also a 5.8 percent drop in imports (excluding fuel), which points to an economic contraction.