Italy Reports 27.1 Billion USD Trade Surplus

In the ten-month period, exports grew by 1.2 percent year on year, with exports to China jumping by 22.3 percent. Meanwhile, imports decreased by 9.9 percent.

After a setback in September, exports and imports saw an increase in October, especially in the non-EU area, said ISTAT, adding the increase in exports was mainly driven by more sales of non-durable consumer goods and capital goods.

Specifically, exports grew by 3.8 percent in October on a month-on-month basis, while imports were up by 2.8 percent. Trade balance in October alone saw a surplus of nearly 4.7 billion euros (5.12 billion U.S. dollars).

Also on Friday, the Bank of Italy, the country's central bank, reported Italy's public debt set a new record high of 2.868 trillion euros (3.12 trillion U.S. dollars) in October, up by 23.5 billion euros (25.6 billion dollars) over the previous month.

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