April Imports Up by Almost 30%

Imports in April reached $6.5 billion, up from $5.1 billion in the same month last year. The 29.2%-growth was the highest since the 35.6% increase posted in November 2010. It was also a reversal of the 5.8% decline in the same period last year. Imports were boosted by purchases of capital and durable goods, which hints of a robust economic performance in the second quarter. The trend may be sustained for the rest of the year, as the incoming…

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