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Italian Exports Rise 7.3% In February

Italy's merchandise exports increased from last year in February, preliminary data released by statistical office Istat showed Monday.

Export of goods increased 7.3 percent on an annual basis to EUR31.76 billion in February. Month-on-month, the value of shipments edged up a seasonally adjusted 0.1 percent. Dispatches to the European Union (EU) countries rose 4.1 percent annually during the month.

Imports advanced 0.8 percent year-on-year to EUR32.87 billion in February, while sequentially they moved up 0.7 percent. Arrivals from the EU states dropped 2.4 percent from last year in February.

The trade balance was a deficit of EUR1.11 billion in February. The balance of trade with the EU countries was a surplus of EUR439 million.

In the January-February period, overall exports rose 5.9 percent from the same period last year, while imports decreased 0.9 percent. The trade balance was a deficit of EUR5.46 billion during the period.

by RTTNews Staff Writer

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