Current Account in Italy
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
|Current Account Balance (EUR bn)||16.0||31.1||25.0||43.5||47.8|
5 years of economic forecasts for more than 30 economic indicators.
Italy Current Account (EUR bn) Chart
Source: Bank of Italy.
|Bond Yield||2.87||-0.11 %||Aug 07|
|Exchange Rate||1.16||0.65 %||Aug 07|
|Stock Market||21,854||-0.99 %||Aug 07|
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August 13, 2018
According to a second estimate released by the National Statistical Institute (ISTAT) on 13 August, consumer prices rose 0.3% month-on-month in July, up from June’s 0.1% increase and confirming preliminary data.
August 3, 2018
Industrial output expanded 0.5% in June on a month-on-month, seasonally-adjusted basis, following May’s revised 0.8% increase (previously reported: +0.7% month-on-month).
August 1, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) declined to 51.5 in July from June’s 53.3.
July 31, 2018
In the second quarter, GDP expanded 0.2% over the previous quarter in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (ISTAT) on 31 July.
July 31, 2018
According to provisional data released by the National Statistical Institute (ISTAT) on 31 July, consumer prices rose 0.3% month-on-month in July, up from June’s 0.2% increase.