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Italian Trade Balance showed surplus of 7.80 billion euros

Friday, Sep 16 2016

In July 2016 seasonally-adjusted data, compared to June 2016, decreased by 0.6% for outgoing flows and increased by 0.5% for incoming flows. Exports reduced by 1.1% for EU countries and increased by 0.2% for non EU countries. Imports increased by +1.5% for non EU countries and fell down by 0.2% for EU countries. During the quarter May-July 2016, seasonally-adjusted data, in comparison with the previous quarter, increased by 0.7% for exports and by 0.8% for imports.

In July 2016, compared with the same month of the previous year, exports decreased by 7.3% and imports by 8.3%. Outgoing flows fell down by 6.1% for EU countries and by 8.8% for non EU countries. Incoming flows reduced by 6.3 for EU area and by 11.1% for non EU area. The trade balance in July amounted to +7,8 billion Euros (+2,9 billion Euros for EU area and +4,9 billion Euros for non EU countries).

 

Euro is currently being traded around 1.1230 area. Pair is likely to find support around 1.12 and resistance above 1.1270 handle.

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