Italy July Tourist Spending Balance: Summary

Following is a summary of the July tourist spending report from the Bank of Italy in Rome:

===============================================================================
                              July     June      May    April    March     July
                              2011     2011     2011     2011     2011     2010
===============================================================================
                             ---------------- Millions of Euros ---------------
Tourist Spending Balance*    2,063    1,306    1,345      983      634    1,566
Credits                      4,433    3,212    2,863    2,410    2,080    3,955
Debts                        2,370    1,906    1,518    1,427    1,446    2,390
                             --------------------- (000s) ---------------------
Tourist Arrivals             9,384    7,873    6,823    6,068    5,691    9,090
                             ------------------ YoY % Changes -----------------
Credits                      12.1%     2.3%     4.0%     7.2%    12.3%      n/a
Debts                        -0.8%    10.9%    -3.1%    -2.7%     2.8%      n/a
Tourist Arrivals              3.2%    10.5%     5.6%     7.8%     6.0%      n/a
===============================================================================
NOTE: * = Tourist spending balance is calculated as the difference
      between the spending foreign tourists in Italy (credits) and the
      spending of Italian tourists abroad (debts).

SOURCE: Bank of Italy    

To contact the reporter on this story: Giovanni Salzano in Rome at gsalzano@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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