Italian exports rose in the month of January, whereas imports dropped in the month. On a seasonally-adjusted basis, exports rose 2.5 percent and imports fell 4.1 percent. Exports for non-EU nations rose 5.9 percent and remained stable for EU nations. Imports dropped both for EU nations and for non EU countries. In the past three months, seasonally-adjusted data, compared to the three months earlier, continued to be stable for exports and fell 1.1 percent for imports.
On a year-on-year basis, exports were up 2.9 percent, whereas imports rose 1.7 percent. Outgoing flows for non EU nations rose 5.4 percent, while it rose 1.2 percent for EU countries. Imports rose 5.6 percent for non EU area and fell 1.1 percent for EU area. The trade balance in January came to a surplus EUR 322 million.
The total import prices index dropped 0.5 percent sequentially. The total 12 month rate of change rose 0.4 percent. The quarterly total index of import prices fell 1.5 percent compared to the previous period, increased 0.2 percent for the euro area and fell 3.1 percent for the non-euro zone.
At 11:00 GMT the FxWirePro's Hourly Strength Index of Euro was slightly bearish at 56.8359 while the FxWirePro's Hourly Strength Index of US Dollar was highly bearish at -137.612 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
