FOREX TradingCharts.com

Financial News: Italy Current Account Surplus Rises For First Time

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45:00 (RTTNews)

(RTTNews) - Italy's current account surplus increased for the first time in four months in July, mainly due to the strong performance of the goods balance and a recovering tourism surplus, preliminary figures from the Bank of Italy showed on Friday. The current account surplus rose to EUR 9.308 billion from EUR 8.744 billion in the same month last year. The visible trade surplus grew to EUR 9.765 billion from EUR 7.953 billion.

The services trade surplus was EUR 7 million versus EUR 1.528 billion in the same month a year ago. The tourism surplus, which is recovering, was about a third of the value in the corresponding month of the previous year, the bank said.

Surplus in the primary income grew to EUR 1.341 billion from EUR 857 million. The shortfall in the secondary income account widened to EUR 1.805 billion from EUR 1.594 billion. The deficit in the capital account narrowed to EUR 58 million from EUR 125 million. The surplus in the financial account shrunk to EUR 2.377 billion from EUR 12.997 billion.

In the twelve months ending in July, the current account surplus was EUR 48.1 billion, or 2.8 percent of GDP, versus EUR 46.7 billion in the corresponding period of 2019. The improvement was mainly due to the widening of the goods surplus, while a negative contribution came from the worsening in the services deficit and the lower primary income surplus, the bank said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. New Home Sales Unexpectedly Tumble 3.5% In September (01 hr(s), 32 min(s), 25 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly showed a sharp decrease in the month of Septem ...Full Story»

German Economy To Recover At Slower Pace (03 hr(s), 25 min(s), 25 sec(s) ago)
(RTTNews) - The German economic recovery is likely to continue in the current quarter, albeit at a ...Full Story»

German Ifo Business Morale Weakens For First Time In 6 Months (04 hr(s), 03 min(s), 25 sec(s) ago)
(RTTNews) - German business sentiment weakened in October as leaders were more worried about comin ...Full Story»

Czech Economic Confidence Falls In October (04 hr(s), 33 min(s), 25 sec(s) ago)
(RTTNews) - The Czech Republic's economic confidence decreased in October, survey results from ...Full Story»

Turkey Capacity Utilization Rises In October (04 hr(s), 37 min(s), 25 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate increased in October, figures fro ...Full Story»

Denmark Retail Sales Fall For Third Month In September (04 hr(s), 56 min(s), 25 sec(s) ago)
(RTTNews) - Denmark retail sales fell for the third straight month in September, figures from the ...Full Story»

Amended: German Ifo Business Confidence Weakens In October (06 hr(s), 01 min(s), 25 sec(s) ago)
(RTTNews) - Corrected third and fourth paragraphs German business sentiment weakened in Octo ...Full Story»

German Ifo Business Confidence Weakens In October (06 hr(s), 29 min(s), 25 sec(s) ago)
(RTTNews) - German business sentiment weakened in October, reports said citing survey data from if ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Unexpectedly Tumble 3.5% In September

10/26/2020 - 10:29 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly showed a sharp decrease in the month of Septem ...Full Story>>

German Economy To Recover At Slower Pace

10/26/2020 - 08:36 AM (RTTNews)
(RTTNews) - The German economic recovery is likely to continue in the current quarter, albeit at a ...Full Story>>

German Ifo Business Morale Weakens For First Time In 6 Months

10/26/2020 - 07:58 AM (RTTNews)
(RTTNews) - German business sentiment weakened in October as leaders were more worried about comin ...Full Story>>

Czech Economic Confidence Falls In October

10/26/2020 - 07:28 AM (RTTNews)
(RTTNews) - The Czech Republic's economic confidence decreased in October, survey results from ...Full Story>>

Turkey Capacity Utilization Rises In October

10/26/2020 - 07:24 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization rate increased in October, figures fro ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.