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Exports rise as Italy tries to exit recession

AFP
AFP - [email protected]
Exports rise as Italy tries to exit recession
Photo: Stefano Chiarelli/Flickr

Italy saw exports rise by 1.7 percent in August from July as the economy struggles to exit a two-year recession that has caused record unemployment and shut thousands of businesses.

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Italy's trade surplus also rose to €958 million, compared to a deficit of €483 million in August 2012, official data released by the Istat agency on Wednesday showed.

Imports were down 1.1 percent on the month.

On a 12-month comparison, however, exports were down 4.4 percent and imports down 9.8 percent.

Italy has seen some mixed economic results this month, with the latest figures showing a 0.3-percent dip in industrial production but a return to growth for the service sector.

The government is forecasting that a gradual economic recovery will begin later this year but is struggling with a mountain of public debt and difficulties in keeping the deficit in check.

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