Current Account in Italy

Italy - Current Account (billions of Euros)
Available indicators point to a robust rebound in activity in Q3, after Q2’s historic collapse amid strict lockdown measures. Industrial output recovered strongly in July-August, while the manufacturing PMI rose further in September, and business sentiment improved throughout Q3. Moreover, employment figures continued to climb in August, while consumer confidence hit a six-month high in September, which likely supported household spending in the quarter—as suggested by retail sales growing year-on-year for the first time since March. Moving to Q4, rising Covid-19 cases and the tightening of some containment measures in October are likely weighing on economic momentum. Meanwhile, on 19 October the government approved an expansionary draft budget for 2021, which should sustain the recovery next year, together with EU funding. That said, strained public finances limited the size of the package.Italy - Current Account (EUR bn) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Current Account Balance (EUR bn) | 23.5 | 44.0 | 44.7 | 44.0 | 52.9 |
Italy Current Account (EUR bn) Chart

Source: Bank of Italy.
Italy Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.31 | -0.40 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Italy: Industrial production shrinks in November
January 13, 2021
Industrial output decreased 1.4% in November on a month-on-month, seasonally-adjusted basis.
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Italy: Pace of decline in annual prices moderates in December
January 7, 2021
Consumer prices increased 0.3% month-on-month in December, contrasting November’s 0.1% decrease.
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Italy: Business confidence ticks up in December
January 4, 2021
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—rose from 83.3 in November to 87.7 in December. The increase was driven by an improvement in sentiment in the manufacturing and market services sectors more than offsetting falling sentiment in the construction and retail trade sectors.
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Italy: Consumer confidence improves in December
January 4, 2021
The consumer confidence index rose to 102.4 in December from 98.4 in November. December’s strengthening was broad based.
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Italy: Manufacturing conditions improve in December
January 4, 2021
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 52.8 in December from 51.5 in November.