Exchange Rate in Italy
Italy - Exchange RatePreliminary GDP data revealed that growth slid in the second quarter, expanding at the slowest pace since Q4 2016. Political instability and a broader slowdown in the Eurozone likely took a bite of growth in Q2, and industrial output decelerated to an over one-year low in the quarter. Looking ahead, although both business and consumer sentiment recovered lost ground following the end of the political deadlock in May, the PMI dipped in July on deteriorating sentiment in the manufacturing sector, suggesting that the slowdown in economic activity spilled over into Q3. Furthermore, inflation surged to a multi-month high in July after the unemployment rate edged up in June, boding ill for private consumption. On the political front, the government started budget negotiations early in August and stated that it would purse bold spending plans in the document. Concerns over fiscal responsibility and that the government could breach the EU’s spending rules, prompted investor flight from the country’s bond market and is fueling uncertainty ahead of September’s presentation of the budget.
Italy - Exchange Rate Data
|Exchange Rate (vs USD)||1.38||1.21||1.09||1.05||1.20|
5 years of economic forecasts for more than 30 economic indicators.
Italy Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||2.71||-0.11 %||Sep 20|
|Exchange Rate||1.18||0.65 %||Sep 20|
|Stock Market||21,388||-0.99 %||Sep 20|
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September 14, 2018
According to revised data released by the National Statistical Institute (ISTAT) on 14 September, consumer prices increased a revised 0.4% month-on-month in August (previously reported: +0.5% month-on-month), up from July’s 0.3% rise.
September 12, 2018
Industrial output contracted 1.8% in July on a month-on-month, seasonally-adjusted basis, following June’s revised 0.3% increase (previously reported: +0.5% month-on-month).
September 3, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) declined to 50.1 points in August from July’s 51.5.
August 31, 2018
According to provisional data released by the National Statistical Institute (ISTAT) on 31 August, consumer prices increased 0.5% month-on-month in August, up from July’s 0.3% rise.
August 31, 2018
The Italian economy slowed to a two-year low in the second quarter on a weak external sector.