Italy EUR

Italy Current Account

Impact:
Low
Source: Banca d'Italia

Latest Release:

Date:
Surprise:
€532M
Actual:
€3532M
Forecast: €3000M
Previous/Revision:
€3412M
Period: Oct

Next Release:

Date:
Period: Nov
What Does It Measure?
The Italy Current Account measures the balance of trade in goods and services, along with net income and current transfers, signifying the flow of economic transactions between Italy and the rest of the world. It primarily focuses on the trade balance, income from abroad, and transfers, which collectively indicate a country's financial position relative to other nations.
Frequency
The Italy Current Account is released quarterly, typically about 45 days after the end of the reporting period, provided as final figures rather than preliminary estimates.
Why Do Traders Care?
Traders closely monitor the Current Account as it reflects the economic health and international competitiveness of Italy, impacting the Euro's exchange rate and investor sentiment. A surplus indicates a strong economy that may boost the Euro, while a deficit could lead to bearish effects on both the currency and Italian equities.
What Is It Derived From?
The Current Account is calculated through data compiled by the Bank of Italy, encompassing comprehensive surveys of trade transactions, income data from Italian investments abroad, and official statistics on transfers. These figures are gathered from various economic sectors and sectors relating to international commerce, ensuring a robust and thorough estimation.
Description
Preliminary reports on the Current Account provide early insights into Italy's balance of payments, which could be subsequently revised in final reports based on more accurate data. This indicator is usually reported on a year-over-year (YoY) basis, allowing analysts to observe longer-term trends and output adjustments that eliminate seasonal effects.
Additional Notes
The Current Account is considered a coincident economic indicator as it reflects the current state of economic interactions with the external sector. Its performance is often compared to similar measures from other Eurozone countries and is significant for understanding broader economic trends within the region.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, Bullish for Stocks. Lower than expected: Bearish for Euro, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
€3532M
€3000M
€3412M
€532M
€3412M
€2950M
€4235M
€462M
€4697M
€4150M
€8824M
€547M
€8693M
€6250M
€5641M
€2443M
€5737M
€2450M
€1716M
€3287M
€1665M
€1050M
€646M
€615M
€359M
€1890M
€1757M
€-1531M
€1644M
€1510M
€1615M
€134M
€1604M
€1950M
€-3873M
€-346M
€-3811M
€-1200M
€4340M
€-2611M
€4228M
€3780M
€-493M
€448M
€-332M
€2900M
€5511M
€-3232M
€5628M
€2900M
€964M
€2728M
€1068M
€2250M
€895M
€-1182M
€1376M
€3650M
€5527M
€-2274M
€5371M
€4250M
€5035M
€1121M
€4885M
€1410M
€2346M
€3475M
€2078M
€2100M
€2410M
€-22M
€2294M
€1900M
€1639M
€394M
€1500M
€-450M
€2183M
€1950M
€2306M
€-650M
€-1128M
€2956M
€-1091M
€-4700M
€1319M
€3609M
€1136M
€320M
€-558M
€816M
€-363M
€2500M
€3209M
€-2863M
€3315M
€1500M
€2047M
€1815M
€2189M
€-2300M
€2840M
€4489M
€2840M
€750M
€5381M
€2090M
€5156M
€6051M
€6179M
€-895M
€5995M
€750M
€1602M
€5245M
€1403M
€-1200M
€-1389M
€2603M
€-1517M
€4500M
€3713M
€-6017M
€3713M
€-500M
€-937M
€4213M
€-884M
€-750M
€-5225M
€-134M
€-5225M
€500M
€2546M
€-5725M
€2527M
€250M
€374M
€2277M
€446M
€-250M
€710M
€696M
€710M
€-1500M
€-2130M
€2210M
€-2018M
€-5500M
€-5494M
€3482M
€-5259M
€-1015M
€1874M
€-4244M
€1636M
€-1050M
€-804M
€2686M
€-1112M
€-1700M
€-1251M
€588M
€-1251M
€-3900M
€-2316M
€2649M
€-2190M
€-875M
€-910M
€-1315M
€-1025M
€-4420M
€-1560M
€3395M
€-1517M
€2920M
€-6056M
€-4437M
€-5907M
€4110M
€4594M
€-10017M
€4399M
€5410M
€4592M
€-1011M
€4682M
€5910M
€5263M
€-1228M
€5513M
€4890M
€4670M
€623M
€4681M
€5510M
€4754M
€-829M
€5031M
€5840M
€7947M
€-809M
€7947M
€7400M
€3655M
€547M
€3500M
€4200M
€3882M
€-700M
€3882M
€5260M
€6582M
€-1378M
€6654M
€2450M
€2997M
€4204M
€3099M
€3240M
€3701M
€-141M
€3737M
€4150M
€637M
€-413M
€710M
€-870M
€6715M
€1580M
€6715M
€6780M
€7121M
€-65M
€7110M
€6450M
€8049M
€660M
€8174M
€6800M
€7496M
€1374M
€7642M
€2290M
€5950M
€5352M
€5950M
€4800M
€10168M
€1150M
€9308M
€2150M
€3515M
€7158M
€3431M
€1200M
€2302M
€2231M
€2272M
€-620M
€-952M
€2892M
€-915M
€3200M
€4183M
€-4115M
€4136M
€2460M
€4795M
€1676M
€4783M
€3250M
€-314M
€1533M
€-209M
€-800M
€5094M
€591M
€4833M
€2750M
€4712M
€2083M
€4921M
€8572M
€8600M
€3870M
€4003M
€4730M
€4102M
€2570M
€5959M
€1532M
€6037M
€4560M
€8537M
€1477M
€8421M
€5150M
€5118M
€3271M
€5047M
€4750M
€2734M
€297M
€2599M
€1420M
€4066M
€1179M
€3914M
€2450M
€4105M
€1464M
€4040M
€2720M
€3250M
€1320M
€3253M
€1950M
€-122M
€1303M
€3M
€-1200M
€4447M
€1203M
€4211M
€3760M
€4565M
€451M
€4806M
€4740M
€6043M
€66M
€6081M
€6550M
€3095M
€-469M
€3154M
€4150M
€5049M
€-996M
€4994M
€4560M
€7544M
€434M
€8607M
€7820M
€5338M
€787M
€5135M
€5150M
€2362M
€-15M
€2226M
€2780M
€3121M
€-554M
€3009M
€3250M
€3442M
€-241M
€3408M
€2550M
€861M
€858M
€838.6M
€1850M
€-1360M
€-1011.4M
€-1266M
€-680M
€6165M
€-586M
€5872M
€3522.5M
€4881M
€2349.5M
€4881M
€3606M
€6415M
€1275M
€6551M
€4980M
€4307M
€1571M
€4307M
€4451M
€3721M
€-144M
€3679M
€3479M
€8216M
€200M
€8625M
€7272M
€5585M
€1353M
€5257M
€3641M
€3522M
€1616M
€3261M
€2749M
€3259M
€512M
€3432M
€4551M
€3300M
€-1119M
€3121M
€2816M
€1283M
€305M
€1193M
€1962M
€-2010M
€-769M
€-1913.4M
€-2249M
€5796M
€335.6M
€5535M
€4954M
€4555M
€581M
€4640M
€2274M
€6086M
€2366M
€6086M
€3782M
€2707M
€2304M
€2810M
€2116M
€3282M
€694M
€3368M
€2499M
€9418M
€869M
€9418M
€5902M
€7094M
€3516M
€7185M
€3412M
€3368M
€3773M
€3189.1M
€2742.9M
€4636.1M
€446.2M
€4655M
€1440.9M
€2245M
€3214.1M
€2245M
€963M
€1377M
€1282M
€1377M
€632.6M
€-1068M
€744.4M
€-1068M
€3410.4M
€6141M
€-4478.4M
€6141M
€3470.5M
€4460.4M
€2670.5M
€4460.4M
€1299.1M
€6131M
€3161.3M
€6131M
€2636.4M
€1407M
€3494.6M
€1431M
€1437.3M
€1579M
€-6.3M
€1389M
€2201M
€6880M
€-812M
€6647M
€1947.3M
€3528M
€4699.7M
€3528M
€2908.3M
€2674M
€619.7M
€2600.4M
€2221.5M
€5139M
€378.9M
€5139M
€382.2M
€1968.5M
€4756.8M
€1968.5M
€488.4M
€3611.7M
€1480.1M
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