Investing.com – Italy’s trade deficit narrowed less-than-expected in October, official data showed on Monday.
In a report, Istat, Italy’s statistical office said that the nation’s trade deficit narrowed to EUR1.08 billion in October from a deficit of EUR1.88 billion in September, whose figure was revised from a EUR1.84 billion deficit.
Analysts had expected Italy’s trade deficit to narrow to EUR0.97 billion in October.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.15% to trade at 1.3023.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 eased up 0.1%, France’s CAC 40 dipped 0.2%, Germany's DAX edged 0.1% higher, while the FTSE 100 declined 0.45%.
In a report, Istat, Italy’s statistical office said that the nation’s trade deficit narrowed to EUR1.08 billion in October from a deficit of EUR1.88 billion in September, whose figure was revised from a EUR1.84 billion deficit.
Analysts had expected Italy’s trade deficit to narrow to EUR0.97 billion in October.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.15% to trade at 1.3023.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 eased up 0.1%, France’s CAC 40 dipped 0.2%, Germany's DAX edged 0.1% higher, while the FTSE 100 declined 0.45%.