Italy's current account surplus decreased to EUR 3.15 billion in September of 2018 from EUR 4.72 billion in the same month of the previous year. It is the smallest current account surplus since May, as the goods surplus fell markedly to EUR 1.97 billion from EUR 4.59 billion and the secondary income gap rose to EUR 1.34 billion from EUR 1.25 billion. On the other hand, the services surplus widened to EUR 0.58 billion from EUR 0.39 billion; and the primary income surplus also increased to EUR 1.94 billion from EUR 0.98 billion. Considering the third quarter of 2018, the current account surplus narrowed to EUR 15.7 billion from EUR 17.4 billion in the same period of 2017. Current Account in Italy averaged -20.33 EUR Million from 1942 until 2018, reaching an all time high of 19332.70 EUR Million in July of 1981 and a record low of -10633.40 EUR Million in August of 1981.
Current Account in Italy is expected to be 5760.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Italy to stand at 3870.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 2510.00 EUR Million in 2020, according to our econometric models.