Current Account in Italy
Italy - Current AccountGDP 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
|Current Account (% of GDP)||1.4||2.6||2.6||2.5||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Italy Current Account Chart
Source: Bank of Italy.
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 16, 2021
Consumer prices rose 0.67% from the previous month in October, swinging from the 0.19% fall logged in September.
November 10, 2021
Industrial output increased 0.1% in month-on-month seasonally-adjusted terms in September, which contrasted August's 0.3% decrease.
November 2, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 61.1 in October, up from September's 59.7.
October 29, 2021
Consumer prices rose 0.57% from the previous month in October, swinging from the 0.19% drop seen in September.
October 29, 2021
According to a preliminary reading, GDP growth ticked down to 2.6% in quarter-on-quarter terms in the third quarter, from 2.7% in the second quarter.