Saturday, December 20, 2014   

Exports boost Italy's trade surplus
(04-16 18:42)

Italy's trade surplus rose to 2.6 billion euros in February thanks to a sharp increase in exports within Europe, particularly of cars, official data showed on Wednesday.
Italy, with the third-biggest economy in the eurozone after Germany and France, is struggling to introduce reforms to strengthen its economy and competitiveness and to underpin its exporting industries, AFP reports.
Exports were up 3.0 percent in value on a 12-month comparison, with a 5.3-percent increase for exports in the European Union.
Export volumes also rose by 3.7 percent, the Istat agency said.
Imports meanwhile contracted by 2.2 percent on a 12-month comparison because of the crisis and a fall in consumer spending.
The biggest rise in exports was to Asia, including Malaysia, Singapore and Thailand, and there were also major rises in sales to Belgium, Britain, China, Germany and the United States.
The biggest rise in exports was for the carmakers, which saw a 13.9 percent increase from February 2013, Istat said.   
Other Business breaking news:
Govt looks to provide 20k flats this year (12-19 17:21)
German consumer confidence on the rise (12-19 16:58)
BYD recovers partially after plunge (12-19 16:29)
Hang Seng finishes higher (12-19 16:28)
BOC Aviation adds two more Boeing jets to earlier order spree (12-19 14:46)
Nikkei finishes higher (12-19 14:24)
Hang Seng jumps at noon (12-19 13:02)
BoJ strikes more upbeat view on economy, holds off fresh measures (12-19 12:16)
China total GDP revised up 3.4% in 2013: govt (12-19 11:26)
Nikkei up by break (12-19 11:17)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.