ROMA (ITALPRESS) – In the twelve months ending in March, the current account recorded a surplus of 31.6 billion (equal to 1.4% of GDP); in the same period of the previous year it was 19 billion. This is what emerges from the data of the Bank of Italy. The improvement has contributed the balance of primary income (3.7 billion, from -4.4), that of goods (53 billion, from 48.6) and, marginally, that of secondary income (-18.8 billion, from -19.2); only services have recorded a slight deterioration (- 6.4 billion, from -6,1). During the same period, the financial account recorded net acquisitions of net foreign assets for 34.7 billion (compared to 40.7 billion in the same period of the previous year). The positive balances of “other investments” (27.3 billion), official reserves (3.5 billion) and, above all, direct investments (34.4 billion) were only partly offset by the negative balance of portfolio investments (-28.9 billion) and derivatives (-1.6 billion).
In March, the foreign activities of residents in Italy increased by 25.3 billion, reflecting the increase in foreign portfolio investments (14.1 billion), direct foreign investment (9.4 billion), the “other investments” component (1.5 billion) and official reserves (1.2 billion); slightly decreased derivative activities (-0.9 billion). In March, foreign liabilities increased by 28.8 billion. The increase reflected above all that of the component “other investments” (34.1 billion), partly offset by net sales of Italian securities by non-residents (-5.5 billion), due to disinvestment in public securities (-8.8 billion).
– photo IPA Agency –
(ITALPRESS).
