Exports in Italy
Italy - Exports
GDP contracted in Q1. Italy is likely to be one of the non-eastern Euro area countries most economically hard-hit by the war in Ukraine due to its high level of dependence on Russian gas imports. The manufacturing PMI fell in the quarter, boding poorly for the industrial sector. Inflation in March was the highest since 1991, likely hitting private spending; retail sales growth averaged lower in January–February and consumer confidence was down sharply in March. Heading into Q2, the government announced another 10 billion financial assistance package in April, taking the total planned support since the outset of the war to EUR 26 billion, around 1.4% of GDP. Meanwhile, it signed new energy deals with a number of African countries. These measures will offer some respite ahead, but will be unable to fully soften the near-term blow to the economy arising from the war.Italy - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 457 | 461 | 506 | 549 | - |
Italy Exports 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: Inflation decreases in April
April 29, 2022
Consumer prices increased 0.18% over the previous month in April, slowing down from March's 1.01% increase.
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Italy: GDP contracts in Q1
April 29, 2022
According to a preliminary reading, GDP contracted 0.2% in the first quarter in seasonally adjusted quarter-on-quarter terms, contrasting the 0.7% expansion logged in the fourth quarter of last year.
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Italy: Business confidence rises in April
April 28, 2022
Business confidence came in at 105.5 in April, up from March's 105.3, pointing to improving sentiment among businesses.
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Italy: Consumer confidence eases in April
April 28, 2022
Consumer confidence came in at 100.0 in April, down from March's 100.8.
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Italy: Inflation comes in at highest level since July 1991 in March
April 15, 2022
Consumer prices increased 1.00% in March over the previous month, picking up from February's 0.92% increase according to a second release by the statistical authority.
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