The Bank of Italy released its current account data on Tuesday. Italy's current account surplus declined to €1.39 billion in August from €1.53 billion in August last year.

The goods trade surplus decreased to €2.53 billion in August from €2.67 billion in August last year. The services trade balance turned to a surplus of €194 million from a deficit of €3.00 million.

The capital account surplus turned to a deficit of €59 million in August from a surplus of €157 million last year, while the financial account surplus rose to €4.42 billion from €4.09 billion.