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Italian exports fall year-on-year in September, foreign trade surplus widens

Italian foreign trade recorded falls in the month of September. On a seasonally adjusted basis, exports fell 2.1 percent, whereas imports dropped 0.3 percent. Exports dropped both for non EU nations and EU nations by 2.9 percent and 1.4 percent, respectively. Imports for non EU nations rose by 4.1 percent whereas it fell for EU nations by 3.4 percent. In the last three months, Italian exports rose 0.3 percent, whereas imports were up 2.9 percent compared with three months earlier.

On a year-on-year basis, exports dropped 2.8 percent, whereas imports rose 5.7 percent in September. Exports to non-EU countries dropped 7.1 percent and rose 0.4 percent for EU nations. Incoming flows rose 17.6 percent for non EU area and fell 1.6 percent for EU area. The trade balance came in a surplus of EUR 1.274 billion in the month.

The total import price index for September rose 0.4 percent compared with the earlier month. The total 12-month rate of change rose by 5.1 percent. The quarterly total import price index was up by 1.4 percent. It rose 0.6 percent for the euro area zone and by 1.9 percent for the non-euro zone.

At 14:00 GMT the FxWirePro's Hourly Strength Index of Euro was highly bullish at 154.016, while the FxWirePro's Hourly Strength Index of US Dollar was highly bearish at -137.384. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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