Exchange Rate in Italy
Italy - Exchange RateFollowing three months of political deadlock and two unsuccessful attempts to form a government, on 6 June the Italian Parliament signed off on a government formed by the right-wing League party and the leftist populist Five Star Movement. As the two parties have different ideologies and the coalition agreement is the result of complicated negotiations, governing will not be smooth sailing. The deadlock has been resolved at a time when the recovery seems to have lost some steam. Recent GDP data shows that growth was broadly stable in Q1, but the economy shows some signs of having slowed in Q2, partly affected by subdued growth in the whole eurozone. In April, the industrial sector weakened considerably, and retail sales contracted sharply amid falling consumer confidence. However, NPLs declined further, confirming that the banking sector has indeed turned a corner, and the construction sector rebounded significantly. That said, survey-based indicators deteriorated further in May, a consequence of both weak external demand and the difficult political situation.
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||2.56||-0.11 %||Jul 13|
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||21,892||-0.99 %||Jul 13|
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July 17, 2018
According to revised data released by the National Statistical Institute (ISTAT) on 17 July, consumer prices rose 0.2% month-on-month in June (previously reported: +0.3% month-on-month), marginally down from May’s 0.3% increase.
July 11, 2018
Industrial output expanded 0.7% in May on a month-on-month, seasonally-adjusted basis, contrasting April’s revised 1.3% contraction (previously reported: -1.2% month-on-month).
July 2, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 53.3 in June, above May’s 52.7.
June 28, 2018
According to provisional data released by the National Statistical Institute (ISTAT) on 28 June, consumer prices rose 0.3% month-on-month in June, mirroring May’s reading.
June 27, 2018
The consumer confidence index released by the National Institute of Statistics (ISTAT) rose to 116.2 points in June from a revised 113.9 points in May (previously reported: 113.7).