Current Account in Italy

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

Italy - Current Account (billions of Euros)

Italy’s economic recovery moderated further in the second quarter, weighed on by a weak external sector and anemic consumer spending. This was despite the significant rebound in fixed investment, on the back of robust growth in transport equipment and rising housing investment. Monthly data for the third quarter, meanwhile, suggests the economy has shifted into a lower gear. In July industrial production contracted significantly, as was seen more broadly across the Eurozone, while in August economic sentiment cooled and the manufacturing sector neared stagnation. As for household spending, retail sales dropped in July and consumer sentiment dipped in August. Nevertheless, sentiment remains positive and, although the level of employment dropped, the unemployment rate fell to its lowest levels in over six years in July. This, coupled with the formation of a government in June, could have supported spending in Q3. However, ongoing 2019 budget negotiations within the government continue to worry investors; interest rates on Italian bonds remain extremely sensitive to government announcements concerning the future fiscal stance.

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 Yield3.46-0.11 %Oct 16
Exchange Rate1.160.65 %Oct 16
Stock Market19,718-0.99 %Oct 16

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