Spanish economy, trade boost (By Sylodium Import-Export directory)

Spain trade deficit narrowed sharply in May largely due to booming exports, the government said Friday, in good news for the recession-struck nation struggling with soaring unemployment.

Spain, the eurozone's fourth-biggest economy, posted a trade deficit of just 27.5 million euros ($36 million) in May as exports rose 7.3 percent from the level a year ago to 20.89 billion euros.

Exports have been a rare bright spot for the Spanish economy which is struggling to recover from a 2008 property crash that has pushed the jobless rate up to a record 27 percent, saddled banks with a pile of bad loans and caused government debt to soar.

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