Italy's July Current Account Surplus Drops to EUR 7.38 Billion

The Bank of Italy reported that the nation's current account surplus fell to EUR 7.38 billion in July 2026, a decrease from the EUR 7.85 billion recorded in July of the previous year.

Performance across trade sectors was mixed. The goods trade surplus increased to EUR 8.2 billion from EUR 7.8 billion, but the services trade surplus declined to EUR 1.1 billion from EUR 1.3 billion. Financial balances also shifted, with the primary income balance moving to a deficit of EUR 116 million compared to a EUR 412 billion surplus a year prior, and the secondary income shortfall widening to EUR 1.79 billion.

Despite the monthly decline, the long-term trend remains positive. For the twelve months ending in July 2026, the current account recorded a total surplus of EUR 29.9 billion, representing 1.3 percent of GDP. This marks an increase over the EUR 22.2 billion surplus recorded during the same period the previous year.