Financial News: Italy Trade Balance Turns To Deficit In January

Italy Trade Balance Turns To Deficit In January

03/18/2025 - 06:29:00 (RTTNews)

(RTTNews) - Italy's foreign trade balance turned to a deficit in January from a surplus in the previous year as imports grew much faster than exports, data from the statistical office Istat showed on Tuesday.

The trade balance for January was a shortfall of EUR 264 million versus a EUR 2.5 billion surplus in the corresponding month last year.

In December, there was a surplus of EUR 5.8 billion.

Exports rose 2.5 percent annually in January after a 2.9 percent growth in December.

Data showed that imports surged 8.8 percent annually in January, following a 2.1 percent gain in the prior month. Imports from EU countries increased 2.2 percent, while those to non-EU countries jumped by 18.0 percent.

On a seasonally adjusted basis, both exports and imports rose by 0.6 percent and 3.2 percent, respectively. As a result, the trade surplus shrank to EUR 3.5 billion from EUR 4.7 billion in December.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Industrial Production Climbs 0.7% In February, Much More Than Expected (01 hr(s), 53 min(s), 18 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Tuesday showing industrial production in the ...Full Story»

U.S. Import, Export Prices Unexpectedly Increase In February (02 hr(s), 25 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increases by ...Full Story»

U.S. Housing Starts Spike 11.2% In February, Much More Than Expected (02 hr(s), 41 min(s), 18 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by much more than anticipated in th ...Full Story»

U.S. Industrial Production Climbs Much More Than Expected In February (03 hr(s), 09 min(s), 18 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Tuesday showing industrial production in the ...Full Story»

Eurozone Trade Surplus Falls Sharply On Strong Imports (03 hr(s), 47 min(s), 18 sec(s) ago)
(RTTNews) - The euro area trade surplus declined sharply in January as imports logged a notable gr ...Full Story»

U.S. Import Prices Unexpectedly Climb 0.4% In February (03 hr(s), 50 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increase by ...Full Story»

U.S. Housing Starts Rebound Much More Than Expected In February (03 hr(s), 54 min(s), 18 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by much more than anticipated in th ...Full Story»

German Economic Sentiment Strongest Since 2022 (04 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - Investor confidence in Germany improved sharply to the highest level in more than thre ...Full Story»