Italy Trade Surplus Grows In July

Italy's trade surplus increased in July as exports grew faster than imports, monthly data from the statistical office ISTAT showed on Monday.

The trade surplus rose to EUR 7.91 billion in July from EUR 6.82 billion in the same period last year. The surplus totaled EUR 5.38 billion in June.

Exports increased 7.3 percent from the previous year, faster than the 4.9 percent growth in June. Imports gained 6.1 percent versus a 4.9 percent rise in the prior month.

Among sectors, exports of transportation equipment, excluding motor vehicles, grew the most, by 45.6 percent, followed by pharmaceuticals, chemical-medicinal products, and botanicals, with an increase of 28.5 percent.

On a seasonally adjusted basis, the trade surplus rose to EUR 4.64 billion in July from EUR 4.32 billion in June. Both exports and imports increased by 1.2 percent and 0.7 percent, respectively.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.