Italian Non-EU Trade Balance Swings To Deficit In August

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Italian non-EU trade trade balance was a deficit of EUR 969 million in August, a reversal from EUR 1.71 billion surplus recorded in July, statistical office Istat said Thursday. That was the first deficit in four months.

Exports were down 25.2% year-on-year to EUR 7.68 billion and imports plunged 30% to EUR 8.65 billion. In July, exports dropped 17.1% and imports plummeted 34.9%.

Italian non-EU trade trade balance was a deficit of EUR 969 million in August, a reversal from EUR 1.71 billion surplus recorded in July, statistical office Istat said Thursday. That was the first deficit in four months. (Market News Provided by RTTNews)