Note correction to prev data header

  • Jan 14 EUR +5.25bln
  • imports EUR 12.462bln vs 11.276bln prev
  • exports EUR 12.228bln vs 16.526bln

Exports down 3.5% yy while imports declined 8.5%

Net energy Italy had a trade surplus of EUR 2.25bln in Jan

EURUSD still 1.1371 but with euro still under pressure elsewhere. EURGBP 0.7323