Monday, August 10, 2015

“INE numbers can not be read in the way that interests us” – TVI24

The PCP drew attention to the need for numbers from the National Institute of Statistics (INE) of exports and imports be read in its “global dimension”, adding that the debt has been rising.

“What these figures confirm, in addition to variations of this or that tenth is that with the increase in imports at a faster pace than exports worsens the trade deficit,” he stressed João Frazão, Commissioner Policy Central Committee of the PCP.

The communist spoke to Lusa agency on the day when it became known that the exports of goods rose 7.4% in the second quarter, compared to the same period last year, and import advanced 9% .

The trade deficit, meanwhile, increased by 400.6 million euros, “stood at 2.7942 billion euros, and the coverage rate dropped to 82.4%, or It is, -1.2% percentage points “, also referred to INE.

The trade balance and its deficit confirm the “worsening of dependency and debt” of Portugal, is essential – says the leader of the PCP – be an import substitution policy for domestic products.

“The INE figures can not be read in accordance with the part that interests us,” he further added, calling for a global analysis not overshadowed by positive signs when analyzed individually, case the rise in exports of goods.

According to preliminary overall results Portuguese goods exports grew 7.4% between April and June, compared to the same period of 2014, to 13,078 million euros, with imports rise 9% to 15,872 million euros.

In June, exports of goods grew by 9% and imports of goods increased 5.4% year on year.

The rise in exports in June was due “mainly to intra-EU trade [within the EU] (generalized to almost all product groups, but particularly in vehicles and other transport equipment, plastics and rubber and other products, “explains the INE.
 
                                                                                     

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