Current Account in Italy

Italy Current Account (EUR bn) | Economic News & Forecasts

Italy - Current Account (billions of Euros)

Economic activity likely moderated somewhat in the second quarter, as the economy went through a prolonged period of political instability and was also affected by a loss of momentum in the EU. Data for industrial production in both April and May, and the average of PMI readings throughout the quarter are consistent with a slowdown in the industrial sector. Moreover, consumer spending seems to have cooled, as retail sales contracted heavily in April and rebounded only timidly the following month. Labor market dynamics, however, remain positive: In May the unemployment rate fell to the lowest level in nearly six years, and the pace of job creation remained strong. Furthermore, May’s figures show that credit growth is firming up, and both business and consumer confidence rebounded in June after the political stalemate was resolved. In the political arena, the government passed in early July a package of measures that will limit temporary job contracts and penalize companies that move production offshore. The bill could discourage foreign investment and hamper job creation, weakening consumer spending.

Italy - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)16.0  31.1  25.0  43.5  47.8  

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Italy Current Account (EUR bn) Chart

Italy Current Account
Note: Current account balance as % of GDP.
Source: Bank of Italy.

Italy Facts

Bond Yield2.87-0.11 %Aug 07
Exchange Rate1.160.65 %Aug 07
Stock Market21,854-0.99 %Aug 07

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