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Export growth speeds up 33% in April

09.06.2010, 20:22 6

Exports continued to go up fast in April, increasing by 33.3%compared with the same time of last year, fuelled by internationaldemand, especially on the automotive segment (Dacia).

"Exports obviously were helped by international demand andautomotive exports of the last twelve months had a significantimpact, but at the same the faster deterioration of domestic demandkept import dynamics behind export dynamics," commented CatalinaMolnar, senior economist of RBS Bank.

After having gone up by an over 20% year-on-year pace in thefirst two months of 2010, March saw exports growth down to 16.7%,with April ending in a 33.3% increase. Molnar explained such'shocks' were induced by the volatile trends in March and April2009.

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