Italian Trade Balance showed surplus of 8 billion euros

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Thursday, Sep 17 2015

In July 2015 seasonally-adjusted data, compared to June 2015, decreased by 0.4% for outgoing flows and by 3.7% for incoming flows. Exports increased for non EU countries (+1.0%) while decreased for EU countries (-1.5%). The fall of imports is due to a decrease for both areas: -1.7% for EU countries and -6.4% for non EU countries. During the last quarter, seasonally-adjusted data, in comparison with the previous quarter, showed a growth of 1.0% for exports and 2.7% for imports.

In July 2015, compared with the same month of the previous year, trade increased for exports (+6.3%) and for imports (+4.2%). Outgoing flows increased by 5.7% for EU countries and by 7.0% for non EU countries. Incoming flows increased by 8.9% for EU area while decreased by 1.6% for non EU area. The trade balance in July amounted to +8.0 billion Euros (+3.0 billion Euros for EU area and +5.0 billion Euros for non EU countries). Analysts were anticipating balance of +2.4 billion euros.

Euro was pushed higher in the European part of the session and is currently being traded slightly below 1.1340 level. Pair is likely to find support around 1.1250 level and resistance above 1.1370 area. Later today, in the US session, Unemployment Claims, Building Permits, Housing Starts and FOMC interest rate decision are scheduled for a release.

More in this category: « Aussie testing 0.72 handle ahead of FOMC UK Retail Sales up by 0.2% in August »

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