Italy's current account deficit decreased in November from the previous year, the Bank of Italy reported Tuesday.
The current account gap narrowed to EUR 1.3 billion from EUR 2.2 billion last year.
The goods surplus rose to EUR 4.7 billion from EUR 3.4 billion. At the same time, the shortfall in services trade narrowed somewhat to EUR 2.18 billion from EUR 2.21 billion.
The primary income balance showed a deficit of EUR 3.0 billion, up from EUR 2.7 billion. The shortfall on secondary income increased to EUR 807 million from EUR 626 million.
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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.