Italian trade surplus rises to EUR 3.74 billion in October

Italian exports and imports rose sequentially in October 2018 on a seasonally-adjusted basis. Exports rose 2.5 percent, whereas imports were up 2.1 percent. Exports to non-EU nations and EU countries rose 5.3 percent and 0.4 percent, respectively. Meanwhile, imports rose 3.8 percent from EU nations and dropped 0.1 percent from non EU nations.

In the past three months, seasonally-adjusted data, compared to the three months earlier, indicated a rise for exports and for imports of 1 percent and 2.7 percent, respectively.

On a year-on-year basis, exports rose 9.6 percent in October, whereas imports were up 14.2 percent. For non EU nations, exports rose 11.5 percent and were up 8.1 percent for EU nations. Imports from non EU area and for EU nations rose 24.8 percent and 7.9 percent, respectively. The trade balance in October came in at a surplus of EUR 3,784 million.

The total import price index rose 1.3 percent sequentially in October. For the non-euro zone the index was up 2.3 percent, whereas it remained the same for the euro area. The total 12-month rate of change rose 5.5 percent.

The quarterly total index of import prices rose 1.3 percent compared to the previous period, it rose 0.3 percent for the euro area and 1.9 percent for the non-euro zone.

At 11:00 GMT the FxWirePro's Hourly Strength Index of Euro was slightly bullish at 69.1383, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at -12.0536. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex