Italy's current account deficit decreased in January from the previous year, the Bank of Italy reported Friday.
The current account gap narrowed to EUR 1.8 billion in January from EUR 4.2 billion in the corresponding month last year.
The goods trade surplus rose to EUR 1.2 billion in January from 0.17 billion a year ago. Meanwhile, the deficit in services dropped to 0.9 billion from EUR 1.1 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.