The first estimate for euro area (EA19) exports of goods to the rest of the world in July 2016 was €167.2 billion, a decrease of 10% compared with July 2015 (€185.4 bn). The first estimate for extra-EU28 exports of goods in July 2016 was €142.0 billion, down by 13% compared with
July 2015 (€162.3 bn). Source: Eurostat
It is less than two months since U.S. President Donald Trump travelled to Texas to declare that the U.S. energy industry, laid low by this year’s oil price crash, was back on its feet. “We’re OK now,” the president told the assembled crowd.
But bankruptcy numbers released this week tell a different story. Another 16 upstream U.S. oil and gas companies — producers and service providers — hit the wall in August, the same number as in July, according to law firm Haynes and Boone. Source Financial Post
The Bank of Italy said Italy’s public debt hit a new high of 2,560.5 billion euros in July, up 29.9 billion with respect to June. Source Ansa
Austria has said it still supports the Nord Stream 2 gas pipeline, despite growing reservations about the project in parts of Europe following the poisoning of Russian opposition figure Aleksei Navalny. Source Radio Free Europe
