Lunedì, 24 Settembre 2018

Italy posts highest trade surplus since 2003


Rome, July 16 - Italy posted a trade surplus of 11
billion euros in 2012, the highest since 2003, the Italian
Trading Agency (ITA) said Tuesday.
Exports were 3.7% were up thanks to a cheaper euro and a
slowdown in product-price rises while imports were 5.7% down,
said ITA, formerly known as the Foreign Trade Institute (ICE).
Also boosting the surplus were lower levels of domestic
demand and industrial output, ITA said.
The rise in exports was led by metallurgy, up 6.4%, food, up
6.7%, jewellery, up 10.9%, pharmaceuticals, up 12.5%, and
petroleum derivatives, up 21.8%, it said.
Some 87.3% of exports came from northern and central Italy
and only 11.4% from the south.
The number of exporting firms rose by about 1,000 to 207,920
between 2011 and 2012, most of them 'micro-businesses'.

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