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Italy Narrows Trade Surplus

Italy Narrows Trade SurplusItaly Narrows Trade Surplus

Italy posted a trade surplus with the rest of the world of €2.80 billion ($3.12 billion) in June, narrowing compared with a surplus of €3.33 billion in the same month of 2014, data showed on Wednesday, Reuters reported. With European Union countries, Italy registered a June trade surplus of €596 million, compared with a surplus of €1.21 billion in June 2014, national statistics office ISTAT said. In June, exports to the rest of the world rose 9.4% year-on-year, while imports were up 12.25. In the first half of the year, Italy posted a global trade surplus of €18.45 billion.

Financialtribune.com