
Italy's inflation rate remained steady in July, Italy's national statistics institute (Istat) said Friday, while the country's trade surplus widened in June from the same month a year earlier. In good news for the eurozone's third largest economy, the annual inflation rate held steady in July at 1.2 percent, Istat said, revising up its preliminary estimate of 1.1 percent. Prices were up 0.1 percent compared to June, the institute said. On a 12-month comparison, consumer goods were up 2.0 percent from July 2012. In separate data, Istat said the country's foreign trade surplus widened in June to 3.6 billion euros ($4.8 billion) from 2.8 billion in June 2012. On a monthly basis, exports were up 1.2 percent in June from May, while imports increased 1.6 percent. Recent indicators suggest the recession in Italy -- the longest in the post-war period -- is finally easing. This week Istat said the economy shrank by less than feared in the second quarter of 2013. The economy remains at risk, however, from the volatile political situation following ex-premier Silvio Berlusconi's definitive conviction for tax fraud. The furious reaction from Berlusconi and his People of Freedom party (PDL) to the ruling has raised concerns for the stability of Letta's grand coalition government and the country's economic recovery.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor