Unemployment in Italy

Italy Unemployment | Economic News & Forecasts

Italy - Unemployment

Revised data revealed that a fall in domestic demand caused the economy to contract in the third quarter for the first time since the fourth quarter of 2014. The poor showing was led by unrest in financial markets amid the turbulent political situation—which tightened financing conditions and hit business confidence—as well by a modest performance from the labor market. Prospects appear relatively downbeat for Q4: The industrial sector remained weak in October, business confidence continued to decline in October-November and consumer confidence dropped in November, although retail sales regained some steam from the previous month. The negative effects of higher interest rates on the capitalization of the banking system are also constricting credit. The deteriorating economic situation prompted the government to search a compromise agreement with the European Commission over a more responsible target deficit for 2019. The deal, reached on 19 December, reassured investors somewhat, and stops disciplinary procedures against the country

Italy - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate12.1  12.6  11.9  11.7  11.3  

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Italy Unemployment Chart


Italy Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute (ISTAT)

Italy Facts

ValueChangeDate
Bond Yield2.76-0.11 %Jan 21
Exchange Rate1.140.65 %Jan 21
Stock Market19,639-0.99 %Jan 21

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Economic News

  • Italy: Industrial production contracts notably in November

    January 11, 2019

    Industrial output contracted 1.6% in November on a month-on-month, seasonally-adjusted basis, following October’s revised 0.1% contraction (previously reported: +0.1% month-on-month).

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  • Italy: Inflation falls in December on slowing energy prices

    January 4, 2019

    According to a second estimate released by the National Statistical Institute (ISTAT) on 16 January, consumer prices dropped 0.1% month-on-month in December, a softer drop than November’s 0.2% decline.

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  • Italy: Manufacturing sector continues to contract in December

    January 2, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up to 49.2 in December from November’s near four-year low of 48.6.

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  • Italy: Business confidence declines for the sixth consecutive month in December

    December 21, 2018

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—edged down to 99.8 points in December from November’s revised 111.0 points (previously reported: 111.1 points), marking the worst reading in two years. December’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

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  • Italy: Consumer confidence at over one-year low in December

    December 21, 2018

    The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 113.1 points in December from November’s revised 114.7 points (previously reported: 114.8 points), marking the worst result since August 2017. Consumers’ expectations of the future general economic situation and their assessments on the current general economic situation deteriorated, likely due to concerns about the recent turbulence in the financial markets, the contraction of the economy in the third quarter and the negative effects of the 2019 budget.

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