Exchange Rate in Italy
Italy - Exchange RateGDP grew at a slightly softer rate in sequential terms in Q3, following a healthy expansion in Q2. The slowdown was mainly driven by weaker growth in private consumption and fixed investment, while government spending rebounded. Turning to Q4, available signs are mixed: Both consumer and business confidence rose above Q3’s average in October–November, boding well for private spending and fixed investment. However, despite increasing in almost every subsector, the services PMI clocked a softer improvement in conditions in the same period. Meanwhile, industrial output and retail sales both deteriorated in October, while unemployment rose. In other news, on 3 December Fitch Ratings upgraded Italy’s credit rating to ‘BBB’ from ‘BBB-’, with a stable outlook. The country’s solid economic performance and the inflow of EU funds were key factors supporting the decision.
Italy - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Italy Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 17, 2022
Consumer prices increased 0.38% from the previous month in December, below the 0.57% increase logged in November.
January 5, 2022
Consumer prices increased 0.38% in December over the previous month, which was below the 0.57% rise recorded in November.
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 62.0 in December, down from November's 62.8.
December 23, 2021
Business confidence fell to 113.1 in December from November's 114.8.
December 23, 2021
Consumer confidence came in at 117.7 in December, up from November's 117.5.