Unemployment in Italy
Italy - Unemployment
Former arch-enemies, the 5 Star Movement (M5S) and the Democratic Party (PD), formed a new government headed by former Prime Minister Giuseppe Conte, which was sworn in on 5 September. Italy's government bond yield dropped on a swift resolution to the political crisis and the new government’s clearly more pro-European stance. While a deal with EU institutions on the 2020 budget, thus, appears more likely, the new cabinet seems to have a more interventionist approach, which makes the delivery of pro-market economic reforms more unlikely. Meanwhile, revised national accounts data showed that growth was flat in Q2, with both external and domestic demand making a null contribution to growth, which highlighted the broad-based weaknesses within Italy’s ailing economy. Available data for Q3 was also lackluster: Industrial production contracted again in July, and the manufacturing PMI remained entrenched in contractionary territory in August.Italy - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 12.1 | 12.6 | 11.9 | 11.7 | 11.2 |
Italy Unemployment Chart
Source: National Statistical Institute (ISTAT)
Italy Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.82 | -0.40 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 21,738 | -0.99 % | Sep 04 |
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Economic News
Italy: Inflation at close to three-year low in September
October 16, 2019
Consumer prices fell a revised 0.6% month-on-month in September (previously reported: -0.5% month-on-month), contrasting August’s 0.4% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 October.
Italy: Industrial production rebounds mildly in August
October 10, 2019
Industrial output rose 0.3% in August on a month-on-month, seasonally-adjusted basis, following July’s revised 0.8% drop (previously reported: -0.7% month-on-month).
Italy: Sharper deterioration in manufacturing conditions in September
October 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell to 47.8 in September from 48.7 in August.
Italy: Inflation stable in September
September 30, 2019
Consumer prices fell 0.5% month-on-month in September, contrasting August’s 0.4% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 30 September.
Italy: Business sentiment weakens further in September
September 27, 2019
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—fell to 98.5 in September from August’s 98.9. September’s reading came on the back of worsening confidence in the manufacturing and retail trade sectors, which more than offset stronger sentiment in the construction and market services sectors.
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