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Italy Non-EU Trade Balance Swings To Deficit

|   Economic News

 

ROME (dpa-AFX) - Italy's non-EU trade balance turned to a deficit in August from a surplus in the previous year, as imports grew more rapidly than exports, data from the statistical office Istat showed on Tuesday.

The non-EU trade balance logged a deficit of EUR 5.792 billion in August versus a surplus of EUR 1.298 billion in the same month last year.

In July, there was a shortfall of EUR 2.828 billion.

Annual export growth accelerated from 14.2 percent in July to 22.0 percent in August.

Meanwhile, imports grew significantly by 70.9 percent yearly in August, following a 72.9 percent surge in the prior month.

On a monthly basis, exports fell a seasonally adjusted 7.0 percent and imports slid 3.6 percent.

The monthly downward trend in exports was largely due to sharp falls in outflows of energy and capital goods.

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX

Italy Non-EU Trade Balance Swings To Deficit

|   Economic News

 

ROME (dpa-AFX) - Italy's non-EU trade balance turned to a deficit in August from a surplus in the previous year, as imports grew more rapidly than exports, data from the statistical office Istat showed on Tuesday.

The non-EU trade balance logged a deficit of EUR 5.792 billion in August versus a surplus of EUR 1.298 billion in the same month last year.

In July, there was a shortfall of EUR 2.828 billion.

Annual export growth accelerated from 14.2 percent in July to 22.0 percent in August.

Meanwhile, imports grew significantly by 70.9 percent yearly in August, following a 72.9 percent surge in the prior month.

On a monthly basis, exports fell a seasonally adjusted 7.0 percent and imports slid 3.6 percent.

The monthly downward trend in exports was largely due to sharp falls in outflows of energy and capital goods.

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX

Italy Non-EU Trade Balance Swings To Deficit

|   Economic News

 

ROME (dpa-AFX) - Italy's non-EU trade balance turned to a deficit in August from a surplus in the previous year, as imports grew more rapidly than exports, data from the statistical office Istat showed on Tuesday.

The non-EU trade balance logged a deficit of EUR 5.792 billion in August versus a surplus of EUR 1.298 billion in the same month last year.

In July, there was a shortfall of EUR 2.828 billion.

Annual export growth accelerated from 14.2 percent in July to 22.0 percent in August.

Meanwhile, imports grew significantly by 70.9 percent yearly in August, following a 72.9 percent surge in the prior month.

On a monthly basis, exports fell a seasonally adjusted 7.0 percent and imports slid 3.6 percent.

The monthly downward trend in exports was largely due to sharp falls in outflows of energy and capital goods.

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX

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