Unemployment in Italy
Italy - UnemploymentAvailable indicators point to a robust rebound in activity in Q3, after Q2’s historic collapse amid strict lockdown measures. Industrial output recovered strongly in July-August, while the manufacturing PMI rose further in September, and business sentiment improved throughout Q3. Moreover, employment figures continued to climb in August, while consumer confidence hit a six-month high in September, which likely supported household spending in the quarter—as suggested by retail sales growing year-on-year for the first time since March. Moving to Q4, rising Covid-19 cases and the tightening of some containment measures in October are likely weighing on economic momentum. Meanwhile, on 19 October the government approved an expansionary draft budget for 2021, which should sustain the recovery next year, together with EU funding. That said, strained public finances limited the size of the package.
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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June 10, 2021
Industrial output expanded 1.8% month-on-month in seasonally-adjusted terms in April (March: +0.3% mom), marking the best result since August 2020.
June 1, 2021
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to a new series’ high in May, coming at 62.3, above April’s 60.7.
June 1, 2021
A second estimate revealed that GDP bounced back in Q1, growing 0.1% over the previous quarter in seasonally- and working-day-adjusted terms and coming in above the preliminary estimate of a 0.4% contraction.
May 31, 2021
Consumer prices flatlined in May, coming in below April's 0.39% increase.
May 27, 2021
Consumer confidence came in at 110.6 in May, jumping from April’s 102.3 and marking the best result in almost a year-and-a-half, supported by the gradual easing of restrictions from late April.