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Italy Trade Surplus Shrinks In October

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Italy's foreign trade surplus decreased in October from a year ago as imports rose faster than exports, data from the statistical office Istat showed on Tuesday.

The trade surplus dropped to EUR 4.2 billion in October from EUR 4.6 billion in the corresponding month last year. The expected surplus was EUR 3.22 billion.

In September, there was a surplus of EUR 3.0 billion.

Exports climbed 2.3 percent annually in October after an 11.1 percent surge in September. Outgoing flows to EU countries increased by 0.5 percent, and those to non-EU countries grew by 4.1 percent.

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