AGL 40.39 Increased By ▲ 0.39 (0.98%)
AIRLINK 126.80 Decreased By ▼ -0.24 (-0.19%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.43 Decreased By ▼ -0.08 (-1.77%)
DCL 8.60 Increased By ▲ 0.05 (0.58%)
DFML 41.56 Increased By ▲ 0.12 (0.29%)
DGKC 86.81 Decreased By ▼ -0.04 (-0.05%)
FCCL 32.11 Decreased By ▼ -0.17 (-0.53%)
FFBL 64.88 Increased By ▲ 0.08 (0.12%)
FFL 10.16 Decreased By ▼ -0.09 (-0.88%)
HUBC 109.30 Decreased By ▼ -0.27 (-0.25%)
HUMNL 14.70 Increased By ▲ 0.02 (0.14%)
KEL 5.10 Increased By ▲ 0.05 (0.99%)
KOSM 7.44 Decreased By ▼ -0.02 (-0.27%)
MLCF 41.25 Decreased By ▼ -0.13 (-0.31%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 194.25 Increased By ▲ 4.15 (2.18%)
PAEL 28.10 Increased By ▲ 0.27 (0.97%)
PIBTL 7.78 Decreased By ▼ -0.05 (-0.64%)
PPL 150.75 Increased By ▲ 0.69 (0.46%)
PRL 26.41 Decreased By ▼ -0.47 (-1.75%)
PTC 16.14 Increased By ▲ 0.07 (0.44%)
SEARL 78.20 Decreased By ▼ -7.80 (-9.07%)
TELE 7.45 Decreased By ▼ -0.26 (-3.37%)
TOMCL 35.47 Increased By ▲ 0.06 (0.17%)
TPLP 8.25 Increased By ▲ 0.13 (1.6%)
TREET 15.95 Decreased By ▼ -0.46 (-2.8%)
TRG 52.71 Decreased By ▼ -0.58 (-1.09%)
UNITY 26.50 Increased By ▲ 0.34 (1.3%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,941 Increased By 57.7 (0.58%)
BR30 30,909 Increased By 309.4 (1.01%)
KSE100 93,894 Increased By 538.7 (0.58%)
KSE30 29,085 Increased By 154.5 (0.53%)

Italy posted its highest monthly trade surplus in 11 years in July due to a slump in imports, but economists said the eurozone's number 3 economy would need to boost exports quickly to benefit from a global recovery. Statistics agency ISTAT said on Thursday that Italy posted a trade surplus of 4.107 billion euros with the rest of the world in July, its highest since July 1998, versus a surplus of 2.074 billion in the same month of 2008, in unadjusted nominal terms.
Both exports and imports registered steep year-on-year declines, a sign of continued weak international and domestic demand, despite some timid signs of stabilisation in Italy's economy. Exports fell 20.6 percent year-on-year in nominal terms, compared with a 27.6 percent fall in imports. Month-on-month, in seasonally adjusted terms, exports rose by 3.1 percent and imports fell by 2.8 percent.
With European Union countries, Italy registered a trade surplus of 2.397 billion euros, down from a surplus of 3.695 billion in July 2008, national statistics office ISTAT said. Exports to EU nations in July were down 23.1 percent year-on-year, compared to a decline of 20.6 percent in imports. Exports to Spain were worst hit, falling by 30.9 percent, followed by Germany, which was down 22.2 percent.

Copyright Reuters, 2009

Comments

Comments are closed.