Italian preliminary data for foreign trade with non-EU nations was released earlier today. According to Istat, Italy’s exports to non-EU nations rose 5.5 percent in January, whereas imports were up 5.6 percent on a year-on-year basis.
On a seasonally-adjusted terms, exports were up 5.9 percent, whereas imports dropped 2.6 percent, compared with December 2018. In the past three months, seasonally-adjusted data indicated a 1.3 percent rise in outgoing flows and a 2.8 percent fall in incoming flows in comparison with the previous three months.
Italy recorded a trade deficit of EUR 578 million in January 2019, as compared with the deficit of EUR 526 million seen in January 2018.
Stripping energy, Italy recorded a surplus in the trade balance of EUR 2.726 billion, as compared with the surplus of EUR 2.449 billion in January 2018.
At 18:00 GMT the FxWirePro's Hourly Strength Index of Euro was slightly bullish at 71.5186, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at 27.6777 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
