Current Account in Italy

Italy Current Account | Economic News & Forecasts

Italy - Current Account

GDP grew in sequential terms in Q3, albeit at a slightly softer pace than in Q2. Although a breakdown by expenditure is not yet available, the print underlined that both domestic demand and the external sector contributed positively to growth. On the production side, data showed that the industrial and services sectors recovered, while agricultural production fell. Moving on to Q4, available signs are positive: Consumer confidence rose above Q3’s average in October, boding well for private spending. Meanwhile, a similar development in business sentiment in the same month should be supporting fixed investment. Additionally, the Ita-coin indicator produced by the Central Bank suggests that Q3’s momentum carried over into October. However, despite increasing in almost every subsector, the services PMI clocked a softer improvement in conditions in the month, due to deteriorating foreign demand.

Italy - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)1.4  2.6  2.6  2.5  2.9  

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Italy Current Account Chart


Italy Current Account
Note: Current account balance as % of GDP.
Source: Bank of Italy.

Italy Facts

Value Change Date
Bond Yield1.31-0.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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