Rome

Italy gets balance-of-trade boost

Surplus of 1.5 billion euros for non-EU countries in October

Italy gets balance-of-trade boost

Rome, November 22 - There was some much-needed good news for the recession-hit Italian economy on Thursday, when Istat said the country's balance of trade with respect to non-European Union countries registered a 1.5-billion-euro surplus in October. The statistics agency said this was a huge improvement on the same month in 2011, when there was a 657-million-euro balance-of-trade deficit with non-EU countries. Istat said the most dynamic markets for Italian exports in October were OPEC nations, Japan and ASEAN countries, with respective increases of 39%, 31% and 30%.

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