Italy Current Account

Italy’s current account deficit narrowed to €1.3 billion in November 2025 from €2.2 billion in the same month last year. This improvement was largely underpinned by a stronger performance in trade in goods, as the goods account surplus widened to €4.7 billion from €3.4 billion in November 2024. Meanwhile, the services balance remained broadly unchanged, with the deficit holding steady at €2.2 billion. The deficits in both primary and secondary income increased to €3.0 billion and €0.8 billion, respectively, from €2.7 billion and €0.6 billion. Over the January to November period, Italy’s current account surplus rose to €24.5 billion, up from €21.2 billion in the corresponding period of the previous year.