Italy recorded a current account deficit of 5 billion euros in August, up from the 4.2 billion euro-deficit in the same month in 2009, figures released by the Bank of Italy showed on Monday.
The goods account deficit doubled to 2.2 billion euros from 1 billion euros in August 2009, and the services account deficit rose to 1.3 billion euros from 711 million euros.
In contrast, the income account deficit shrank to 454 million euros from 1.4 billion euros a year ago, while the current transfers account deficit was broadly unchanged at around 1 billion euros.
Meanwhile, the capital account deficit doubled to 94 million euros, while the financial account recorded a shortfall of 255 million euros.
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