The Bank of Italy released its current account data on Wednesday. Italy's current account surplus climbed to €3.53 billion in June from €2.60 billion in June last year.

The goods trade surplus increased to €4.85 billion in June from €3.85 billion in June last year. The services trade balance declined to a surplus of €651 million from €906 million.

The capital account surplus decreased to €156 million in June from €298 million last year, while the financial account balance turned to a deficit of €3.18 billion from a surplus of €1.8 billion.