FOREX TradingCharts.com

Financial News: Italy Inflation Slows More Than Estimated, Trade Surplus

Italy Inflation Slows More Than Estimated, Trade Surplus Grows

05/16/2024 - 05:42:00 (RTTNews)

(RTTNews) - Italy's inflation moderated slightly more than initially estimated in April, the latest data from the statistical office ISTAT showed on Thursday.

Separate official data showed that the country's trade surplus increased in March as imports fell faster than exports.

Consumer prices logged an annual increase of 0.8 percent in April after rising 1.2 percent in March. That was slightly weaker than the 0.9 percent increase seen in the flash data published on April 30.

Month-on-month, consumer prices edged up 0.1 in April, revised from a 0.2 percent rise estimated initially.

Core inflation, which excludes prices of energy and unprocessed food, softened to 2.1 percent from 2.3 percent. In the earlier estimate, it was 2.2 percent.

Data showed that non-regulated energy product prices declined at a faster pace of 13.9 percent, while the decline in regulated energy products eased to 1.3 percent from 13.8 percent. The annual price growth in transport-related services decelerated from 4.5 percent to 2.7 percent.

Inflation, based on the harmonised index of consumer prices, came in at 0.9 percent on the year in April, slower than March's 1.2 percent rise. The latest increase was revised down slightly from 1.0 percent.

On a monthly basis, the HICP moved up 0.5 percent after rising 1.2 percent a month ago.

The foreign trade surplus rose to EUR 4.34 billion in March from EUR 3.33 billion in the corresponding period last year. In February, the surplus was EUR 6.0 billion.

On a yearly basis, both exports and imports plunged 8.9 percent and 11.2 percent, respectively, in March.

During the first quarter, Italian exports fell 2.8 percent, due in particular to lower sales of base metals and metal products, excluding machinery and plants, pharmaceutical items, chemical-medical and botanical products, chemical substances and products, leather goods, excluding clothing, and similar, the agency said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Unemployment Data Due On Thursday (05 hr(s), 34 min(s), 10 sec(s) ago)
(RTTNews) - Australia will on Thursday release May figures for unemployment, highlighting a light ...Full Story»

What Makes This Economist Think Two Fed Rate Cuts Are Possible This Year? (08 hr(s), 08 min(s), 10 sec(s) ago)
(RTTNews) - The U.S. Federal Reserve left the federal funds rate target unchanged on Wednesday and ...Full Story»

Fed Leaves Interest Rates Unchanged, Forecasts Just One Rate Cut This Year (09 hr(s), 08 min(s), 10 sec(s) ago)
(RTTNews) - While announcing its widely expected decision to leave interest rates unchanged on Wed ...Full Story»

U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels (12 hr(s), 50 min(s), 10 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story»

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3% (14 hr(s), 05 min(s), 10 sec(s) ago)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story»

Thailand Leaves Policy Rate Steady At 2.50% (14 hr(s), 10 min(s), 10 sec(s) ago)
(RTTNews) - Thailand's central bank decided to keep the interest rate unchanged for the fourth ...Full Story»

India Industrial Output Growth At 3-Month Low (14 hr(s), 11 min(s), 10 sec(s) ago)
(RTTNews) - India's industrial production growth moderated to a three-month low in April but t ...Full Story»

U.S. Mortgage Applications Show Substantial Rebound (14 hr(s), 23 min(s), 10 sec(s) ago)
(RTTNews) - After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Unemployment Data Due On Thursday

06/12/2024 - 18:01 PM (RTTNews)
(RTTNews) - Australia will on Thursday release May figures for unemployment, highlighting a light ...Full Story>>

What Makes This Economist Think Two Fed Rate Cuts Are Possible This Year?

06/12/2024 - 15:27 PM (RTTNews)
(RTTNews) - The U.S. Federal Reserve left the federal funds rate target unchanged on Wednesday and ...Full Story>>

Fed Leaves Interest Rates Unchanged, Forecasts Just One Rate Cut This Year

06/12/2024 - 14:27 PM (RTTNews)
(RTTNews) - While announcing its widely expected decision to leave interest rates unchanged on Wed ...Full Story>>

U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels

06/12/2024 - 10:45 AM (RTTNews)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story>>

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%

06/12/2024 - 09:30 AM (RTTNews)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.