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Italy's Trade Deficit Narrows In January

Italy's trade deficit narrowed notably from a year earlier in January, the latest figures from the statistical office Istat showed Friday.

The deficit in January amounted to EUR 4.4 billion compared to a shortfall of EUR 6.5 billion in January 2011. Exports rose 4.3 percent annually during the month, while imports fell 2.6 percent.

Exports to other Eurozone countries grew 3.9 percent annually, while there was a 5.4 percent fall in imports from these countries.

On a seasonally adjusted monthly basis, total exports fell 2.5 percent. At the same time, there was a 0.5 percent fall in overall imports.

by RTT Staff Writer

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