Exchange Rate in Italy
Italy - Exchange RateA preliminary release showed the economy gained steam in Q2, after expanding slightly in Q1. Both the domestic and external sectors contributed positively to the print, benefiting from lighter restrictions at home and abroad. Notably, retail sales growth clocked a 20-year high annually in the quarter. Moving on to Q3, despite a rise in new Covid-19 cases at the outset of the period leading to the reimposition of some restrictions, the composite PMI reached an over three-year high in July amid improvements in both the manufacturing and services sectors. Likewise, sentiment rose in July–August, with optimism among firms hitting a series-record high, while consumers turned less upbeat. Meanwhile, on 20 August, Scope Ratings changed Italy’s outlook to stable from negative, citing resolute European institutional support through monetary policy, and the current stable government.
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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September 10, 2021
Industrial output expanded 0.8% in month-on-month seasonally-adjusted terms in July, which was down from June's 1.1% increase.
September 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 60.9 in August from July's 60.3.
August 31, 2021
A second release confirmed that economic activity bounced back, growing 17.3% year-on-year in the second quarter, contrasting the 0.7% contraction logged in the first quarter and largely flattered by a low base effect.
August 31, 2021
Consumer prices rose 0.48% in August over the previous month, matching July's reading.
August 27, 2021
Business confidence fell to 114.2 in August from July's 115.9.