Italy’s trade surplus shrunk into deficit in August to 1348.0 million from the previously revised 4097.0 million from 4107.0 million originally reported. As for its EU trade balance the recession is taking a strong toll on the nation as also it set 3780.0 million shortfall after 2388.0 million surplus revised lower from the originally reported 2397.0 million euros.

Affected by the sharp trade fallout the current account slumped to -3168.0 from the previous month’s surplus of 3334.0 million euros.