The Bank of Italy released its current account data on Friday. Italy's current account surplus declined to €6.65 billion in July from €7.63 billion in July last year.

The goods trade surplus decreased to €6.43 billion in July from €7.42 billion in July last year. The services trade balance fell to a surplus of €1.22 billion from €1.27 billion.

The capital account surplus turned to a deficit of €95 million in July from a surplus of €195 million last year, while the financial account surplus rose to €11.6 billion from €4.27 billion.