November 30, 2023

Italy Unemployment Rate 7.8% (consensus 7.5) in Oct-23

- Italy's unemployment rate reached 7.8% in October 2023, 0.3pp higher than the consensus estimate, indicating a surprising deterioration in the labour market.
- The services and manufacturing sectors' contraction, as indicated by the PMI indices, pose challenges to economic activity in Italy.

November 03, 2023

Italy Unemployment Rate 7.4% (consensus 7.4%) in Sep-23

- Italy's unemployment rate returned to 7.4% in September 2023, as expected.
- Although slightly below the one-year average, the unemployment rate remains significantly below the long-run average, indicating a historically tight labour market.

October 31, 2023

Italy Flash HICP Inflation 1.9% y-o-y (consensus 2.3%) in Oct-23

- Italy's HICP inflation rate decreased to 1.9% in October 2023, marking the lowest growth since July 2021 and a significant drop from the previous month's rate of 5.6%.
- The current inflation rate is 6.18 percentage points below the average observed over the past year and 4.01 percentage points below the long-run average, indicating a broader downward trend in price levels.

October 04, 2023

Italy PMI Services 49.9 (consensus 50.0) in Sep-23

- Italy's PMI Services in September 2023 rose slightly to 49.9 from 49.8 the previous month, indicating a potential recovery in the services sector (consensus 50.0).
- Despite being marginally below the expansionary threshold, the latest reading is the highest since July 2023, signaling a gradual improvement in the industry.