Italy's current account surplus decreased in April from the previous year, the Bank of Italy reported Wednesday.
The current account surplus dropped to EUR 359 million from EUR 1.4 billion last year.
The goods trade surplus shrank to EUR 3.24 billion from EUR 5.28 billion. At the same time, the shortfall in services trade lessened to EUR 577 million from EUR 782 million.
The primary income balance showed a deficit of EUR 1.24 billion, down from EUR 2.06 billion. The secondary income shortfall was EUR 1.06 billion versus EUR 1.03 billion last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.