Unemployment in Italy
Italy - Unemployment
The economy edged out of recession in the first quarter of 2019, leaving behind two successive quarters of contraction. The expansion, although far from spectacular, was supported by the external sector, while domestic demand dragged on growth. However, the strengthening could prove to be a flash in the pan, given the likely influence of restocking owing to stronger-than-expected growth in the EU in Q1. Available data for Q2 reinforces such calls for caution. In April, consumer confidence slid further, while business confidence resumed the downward path that begun in mid-2018 and had been temporarily interrupted in March. A further slowing in credit growth in March-April and the increase in household savings in the same period both suggest hesitancy from consumers and businesses alike. In more positive news, the stock of banks’ bad debt fell in March following two months of increase.Italy - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 12.1 | 12.6 | 11.9 | 11.7 | 11.3 |
Italy Unemployment Chart
Source: National Statistical Institute (ISTAT)
Italy Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.37 | -0.40 % | Jun 13 |
| Exchange Rate | 1.13 | 0.65 % | Jun 13 |
| Stock Market | 20,631 | -0.99 % | Jun 13 |
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Economic News
Italy: Inflation at over one-year low in May
June 14, 2019
Consumer prices were flat month-on-month in May (previously reported: +0.1% month-on-month), following April’s 0.2% increase, according to revised data released by the National Statistical Institute (ISTAT) on 14 June.
Italy: Another drop in industrial output in April casts a shadow on economic performance in Q2
June 11, 2019
Industrial output contracted 0.7% in April on a month-on-month, seasonally-adjusted basis, following March’s revised 1.0% decrease (previously reported: -0.9% month-on-month).
Italy: Operating conditions improve but remain in contractionary territory
June 3, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 49.7 in May from April’s 49.1.
Italy: Second estimate trims Q1’s rebound
May 31, 2019
A second estimate released by Italy’s Statistical Institute (ISTAT) on 31 May showed GDP ticked up 0.1% in the first quarter over the previous period in seasonally- and working-day adjusted terms, below the 0.2% expansion reported by the preliminary estimate but still up from the 0.1% contraction recorded in Q4 2018.
Italy: Inflation edges down in May
May 31, 2019
Consumer prices rose 0.1% month-on-month in May, following April’s 0.2% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 31 May.
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