Greek exports recover slightly in July

Greek exports, excluding petroleum products, posted a slight recovery in July 2016, up 0.7 percent over the corresponding month in 2015.

The news comes on the heels of a 0.9-percent slide in exports recorded in the first seven months of the year.

Conversely, imports recorded an impressive increase by 26.5 percent during the same month, in comparison with the same month in 2015, excluding petroleum products.

The reason cited, however, was the fact that 2015 witnessed the first full month of unprecedented capital controls in the country, which caused imports to drop by 24.2 percent.