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Italian exports rise in May, trade surplus widens

Italian exports rose 1.3 percent sequentially in May, while imports rose 0.7 percent. The nation’s exports to EU nations rose 1.7 percent, while those to non-EU nations rose 0.8 percent. Imports from EU countries rose 0.6 percent, whereas from non-EU nations by 0.7 percent. In the last three months, seasonally-adjusted data, compared to the three months earlier, rose for exports and imports. On a year-on-year basis, exports rose 8 percent, while imports rose 3.4 percent.

The total import prices index rose 0.4 percent sequentially in May. The total 12-month rate of change was up 1 percent. The quarterly total index of import prices were up 0.9 percent compared to the previous period, unchanged for the euro area and rose 1.8 percent for the non-euro area.

Italian global trade balance came in at a surplus of EUR 5.347 billion, a rise from the surplus of EUR 2.815 billion seen in the prior month.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

By Aditi Awati
  • Market Data
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