Giovedì, 18 Ottobre 2018

Italy shows strong exports in October, due to extra hours


Rome, December 17 - Extra hours of work by
employees in the export sector helped to push up annual trade
figures in October, Italy's statistical agency said Monday.
That also contributed to Italy recording a trade surplus of
2.5 billion euros in October, and 6.5 billion euros in the first
10 months of the year.
This marks the highest, 10-month balance of trade since
2002, Istat added.
In October, export volumes were unchanged from the previous
month, but increased by 12% over the same period last year.
Istat explained the annualized gain as a result of an
increase in number of days worked in the export sector.
Imports also increased by 0.8% in October from the month
before, and rose by 0.9% on an annual basis.
Sales of Italian goods abroad were especially strong
outside of Europe, no surprise given the economic problems in
the region.
Exports jumped by a whopping 30.3% year over year to
members of OPEC, which represents a dozen oil-producing nations
mostly in the Middle East.
Sales to Japan jumped by 31.5% and to South East Asia by
30.3% in October.
The strongest increase in Italian exports was seen in sales
of refined petroleum products, up by 36.8%; sporting goods,
games, musical and medical instruments, up by almost 16%;and
food, beverages, and tobacco rose by almost 15%.
Italian imports from OPEC countries rose sharply, by 19.4%
and by almost 19% from Turkey.
However, a sharp decline was recorded in imports from
countries in the Mercosur - a South American trade bloc - which
fell by 21.5%; and from Japan, down 17%.

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