Trade Balance in Italy
Italy - Trade Balance
GDP 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 - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 46.1 | 54.8 | 54.1 | 46.2 | - |
Italy Trade Balance 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 comes in at highest level since August 2008 in December
January 17, 2022
Consumer prices increased 0.38% from the previous month in December, below the 0.57% increase logged in November.
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Italy: Inflation comes in at highest level since August 2008 in December
January 5, 2022
Consumer prices increased 0.38% in December over the previous month, which was below the 0.57% rise recorded in November.
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Italy: Manufacturing PMI deteriorates in December
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) came in at 62.0 in December, down from November's 62.8.
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Italy: Business confidence falls to six-month low in December
December 23, 2021
Business confidence fell to 113.1 in December from November's 114.8.
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Italy: Consumer confidence picks up slightly in December
December 23, 2021
Consumer confidence came in at 117.7 in December, up from November's 117.5.
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