Italy Current Account Surplus Shrinks In May

India, July 17 -- Italy's current account surplus decreased in May from the previous year, the Bank of Italy reported Friday.

The current account surplus dropped to EUR 0.59 billion in May from EUR 1.91 billion in the corresponding month last year.

The goods trade surplus shrank to EUR 5.2 billion from EUR 6.2 billion. At the same time, the services balance turned to a deficit of EUR 118 million from a surplus of EUR 174 million a year ago.

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