Weaker euro to help exports

  • 2012-08-08
  • From wire reports
TALLINN - SEB economics analyst Ruta Arumae estimates that Estonia’s exports to countries that do not use the euro ought to improve due to the falling price of the European single currency, reports National Broadcasting. Arumae says that June statistics on retail sales growth and industrial production growth demonstrate a continued increase in the divide between domestic and external demand. While retail sales volumes grew 7 percent in June, industrial production volumes fell 4 percent.Although the decline was smaller in the manufacturing industry, 0.8 percent, Arumae explaine...
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