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Italy Non-EU Trade Surplus Grows

Italy’s surplus in the merchandise trade with countries outside the European Union increased in August as imports declined faster than exports, preliminary data from ISTAT showed on Thursday.

The non-EU foreign trade surplus grew to EUR 3.272 billion from EUR 3.039 billion in the same month last year.

Exports decreased 11.7 percent year-on-year following an 8.1 percent fall in July. Imports dropped 16.4 percent after a 17.5 percent slump in the previous month.

Compared to the previous month, exports fell a seasonally adjusted 0.3 percent after a 7.3 percent gain in July. The decline was the first in four months.

Imports grew 5.1 percent monthly, marking the third month of increase.

Excluding energy, the non-EU trade surplus shrunk to EUR 4.882 billion from EUR 6.220 billion in the same month last year.

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