Unemployment in Italy
Italy - UnemploymentThe economy runs a serious risk of falling into a recession in Q2. Italy is one of the non-eastern, Euro area countries most economically vulnerable to the war in Ukraine, due to its large dependence on Russian gas imports. Harmonized inflation remained at record levels in April, while the manufacturing and services PMIs also fell that same month. Likewise, business and consumer confidence deteriorated. Meanwhile, government bond spreads have continued to increase, posing a risk to financial stability given Italy’s large public debt—151% of GDP at the end of last year. That said, government measures seem to be stopping the rot somewhat, with a 15 EUR billion package unveiled in May helping both business and consumer confidence to rebound in that same month. Activity will also be supported by the further relaxation of pandemic-related restrictions, including on tourism, from 1 May.
Italy - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Italy Unemployment Chart
Source: National Statistical Institute (ISTAT)
|Bond Yield||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 5, 2022
Harmonized inflation came in at 12.5% in November, which was down from October’s 12.6% but exceeded market expectations.
December 2, 2022
Growth cooled in the third quarter, with GDP increasing 0.5% quarter on quarter, confirming the preliminary estimate and coming in below the second quarter’s 1.1% expansion.
December 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose to 48.4 in November from October's 46.5.
November 25, 2022
Consumer confidence jumped to 98.1 in November from October's 90.1.
November 25, 2022
Business confidence came in at 104.7 in November, up from October's 106.4.