Italy’s current account surplus narrowed sharply to €0.36 billion in April 2025 from €1.41 billion in the corresponding month a year ago. The drop was primarily due to a significant decline in the goods surplus, which fell to €3.24 billion from €5.28 billion in April 2024. At the same time, the secondary income deficit rose slightly to €1.06 billion from €1.03 billion. On the other hand, the services gap decreased to €0.58 billion from €0.78 billion last year, and the primary income deficit shrank to €1.24 billion from €2.06 billion.
