Bank of Italy today released data on the balance of payments and the Italian capital position. It emerges above all the data on the net disinvestment of non-residents on BOTs and BPTs, which reached 23,5 billion, due to the tensions, which remain strong, on sovereign debts in the euro area.
In partial compensation they intervene disinvestments from foreign portfolio securities of residents, for 10,5 billion, during the same period.
For Bankitalia, again in the note, the data are not a negative indicator, but only the confirmation of a trend already underway since November, whereby the most acute moment of the crisis ended up being naturally reflected in the numbers.
Again with regard to the month of December residents made investments of 5,3 billion, while non-residents made direct investments in Italy for 3,2 billion. Over the twelve months ending in December, the balance recorded net outflows of 23,0 billion.
The current balance of payments, in 2011, it recorded a current account deficit of 50,6 billion, down compared to the previous month, while the clear improvement compared to December 2010, equal to 3,5 billion, can mainly be explained by the reduction in deficits in goods and services.
