Exports rise but outlook still cloudy

Exports jumped by more than 15 percent in May, from the previous year, as shipments to the United States rose significantly and trade with the European Union rebounded.

But economists warned that, despite these figures, it is still too early to throw caution overboard and prospects for the year remain dim.

However, exports did beat market expectations to surge by 15.3 percent to $181.1 billion in May, against 4.9 percent growth in April, according to figures released on Sunday by the General Administration of Customs.