Italy’s Trade Surplus At 1-Year High

Italy’s trade surplus increased to a year-high in July, data from the statistical office Istat showed Monday.

The trade surplus rose to EUR 6.56 billion in July from EUR 4.5 billion in June. This was the highest level since last July, when it totaled EUR 7.79 billion.

Annual growth in exports eased to 5.1 percent from 8.2 percent in June. Meanwhile, imports growth improved to 10.5 percent from 9.9 percent.

The trade surplus with EU countries increased to EUR 2.03 billion from EUR 1.22 billion a month ago. Likewise, the surplus with non-EU countries rose to EUR 4.53 billion from EUR 3.28 billion.

Shipments to EU countries climbed 6.2 percent annually and imports from EU countries advanced 12.1 percent. Exports to non-EU countries moved up 3.8 percent and imports increased 8.2 percent.
Source: RTT News