Italy's current account deficit increased to EUR3.8 billion in February from EUR3.41 billion last year, a report by the Bank of Italy said Friday. In January, the current account deficit stood at EUR7.24 billion.
In February, the services account deficit widened to EUR1.5 billion from EUR1.17 billion in the previous year, and the income account deficit worsened to EUR2.75 billion from EUR2.22 billion.
However, the surplus in the goods account improved to EUR963 million from EUR771 million in the previous year. At the same time, the deficit in the current transfers account narrowed to EUR492 million from EUR784 million last year.
Meanwhile, the capital account posted a surplus of EUR356 million in February, higher than a surplus of EUR275 million in the previous year. The surplus in the financial account also increased, to EUR9.9 billion from EUR1.2 billion in the preceding year.
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