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- Italy's trade surplus fell less than expected in December
Italy's trade surplus fell less than expected in December
According to the report from Istat, in December 2018, compared with the same month of the previous year, exports decreased (-2.7%) and imports raised (+1.4%). Outgoing flows drop by 5.1 for non EU countries and by 0.3 for EU countries. Incoming flows rose by 8.1% for non EU area and declined by 2.7% for EU area.
The trade balance in December amounted to +3,658 million Euros (+4,270 million Euros for non EU area and -613 million Euros for EU countries), compared with +3,847 million Euros in November. A trade surplus was expected to drop to +3,47 million Euros.
In December 2018 the total import prices index decreased by 1.6% compared to the previous month (the index decreased for the euro zone by 0.3 and by 3.0% for the non-euro zone); the total twelve-month rate of change increased by 3.0% (respectively increased by 1.1% for the euro zone and by 4.8% for the non-euro zone).
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