The Bank of Italy released its current account on Monday. Italy's current account surplus turned into a deficit of €1.07 billion in January from a surplus of €6.3 billion in December.

The trade surplus rose to €1.04 billion in January from €742 million in January last year.

The deficit on services decreased to €651 million in January from €720 million in January last year.

The primary income surplus was €186 million in January, while the secondary income deficit was €1.64 billion.