Current Account in Italy
Italy - Current Account (billions of Euros)The economy likely remained quite weak in the fourth quarter of last year, following a third quarter in which shrinking domestic demand led the economy to contract for the first time in over three years. After a mediocre showing in October, industrial production contracted sharply in November, in line with that seen across the Euro area. Moreover, the manufacturing PMI remained in contractionary terrain and business confidence deteriorated throughout the quarter, signaling subdued private-sector activity. Meanwhile, a worsening economic outlook weighed on consumer confidence in Q4, which, together with higher unemployment in October-November, suggest protracted weakness in consumer spending. In further bad news, fears about the health of the Italian banking sector resurfaced following the government’s intervention to support troubled lender Carige and the ECB’s warning over worsening capital position for MPS Bank.
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||2.61||-0.11 %||Jan 30|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||19,772||-0.99 %||Jan 30|
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April 11, 2019
Industrial output rose 0.8% in February on a month-on-month, seasonally-adjusted basis, following January’s stronger 1.9% jump.
April 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.4 in March from February’s 47.7, marking the worst reading in close to six years.
March 29, 2019
According to provisional data released by the National Statistical Institute (ISTAT) on 29 March, consumer prices rose 0.3% month-on-month in March, following February’s 0.2% increase.
March 27, 2019
The National Institute of Statistics’ (Istat) composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—rose to 99.2 points in March from February’s revised 98.2 points (previously reported: 98.3 points), which had marked the worst reading since February 2015. March’s reading was the result of improving sentiment in the construction and market services sectors, which more than offset weaker sentiment in the manufacturing sector.
March 27, 2019
The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 111.2 points in March from February’s 112.4 points, marking the worst result since August 2017. March’s deterioration was broad-based.