Exchange Rate in Italy
Italy - Exchange Rate (average of period)The economy likely exited technical recession in Q1, as restocking supported industrial production in January-February. However, job losses in February; tumbling business and consumer confidence in Q1; and sluggish credit growth all point to a still-distressed economy overall. The increase in the total tax rate registered in Q4 2018 is likely also weighing on domestic demand. Moreover, recently released data revealed that Italy’s public debt to GDP ratio rose last year, bucking a broad-based downward trend in the EU and adding to sustainability concerns. Against this bleak economic backdrop, the government drastically reduced the growth target for 2019 from 1.0% to a mere 0.2% in April, and raised the fiscal deficit target from 2.0% of GDP to 2.4% of GDP—a target which the Central Bank expects to be missed in the absence of draconian fiscal measures. Meanwhile, on 26 April, S&P Global Ratings affirmed the country’s rating at 'BBB' with a negative outlook, and warned that the current government’s policies risk worsening wage and labor market rigidities.
Italy - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||1.33||1.33||1.11||1.11||1.13|
5 years of economic forecasts for more than 30 economic indicators.
Italy Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||2.56||-0.11 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||20,594||-0.99 %||May 13|
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May 16, 2019
Consumer prices rose 0.2% month-on-month in April, following March’s 0.3% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 May.
May 11, 2019
Industrial output contracted 0.9% in March on a month-on-month, seasonally-adjusted basis, contrasting February’s 0.8% increase.
May 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 49.1 in April from March’s 47.4, which had marked the worst reading in close to six years.
April 30, 2019
The Italian economy bounced back to growth in the first quarter of the year, after languishing in technical recession in the last two quarters of 2018.
April 30, 2019
Consumer prices rose 0.2% month-on-month in April, following March’s 0.3% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 30 April.