Italy’s November current account deficit down
According to the statement made by the Italian Exchange Office, Italy's balance payments on current account posted a €2.04 billion deficit in November against a deficit of €2.14 billion recorded in the same period of last year. The capital account reported a €68 million surplus in the same period against a €121 million surplus registered in the previous year. In addition, financial account surplus declined to €1.41 billion from €1.96 billion. In the first eleven months of the year, the current account deficit amounted to €7.04 billion compared to €15.59 billion deficit recorded in the same period of last year. At the end of November, official reserves rose to €48.2 billion from €48.11 billion recorded at the end of October.