Italy – Monthly News Digest

Italy – Monthly News Digest
  • A week of talks to shuffle the deck
  • 48 hours until crunch time
  • Resilient exports
  • The Senate's gamble
  • Economic players are better prepared for the pandemic's second wave, but hardship remains
  • Political chronicle: from a manufactured crisis to an outright crisis

In summary

A week of talks to shuffle the deck. 48 hours until crunch time. Resilient exports. The Senate's gamble. Economic players are better prepared for the pandemic's second wave, but hardship remains. Political chronicle: from a manufactured crisis to an outright crisis.

Italy – Monthly News Digest

After October's slight decline, exports grew 4% in November from the previous month. The export recovery was driven both by growth in Eurozone exports (+4.8%) and those to non-EU markets (+3.2%). Imports increased (+3.3%), driven by increased purchases of capital goods (+9.6%). The rise in sales of intermediate goods (+7.1%) explains half of November's export growth. It was accompanied by a sizeable increase in sales of non-durable consumer goods. Markets whose growth is driving exports are, for the Eurozone, Germany which led to a more than 8% increase in exports year-on-year, as well as Switzerland and the United Kingdom. Outside the Eurozone, sales to Asia continue to drive exports, particularly with the recovery in Chinese demand. Those four markets contribute to more than half of sales in metals (+15.3%), automobiles (+26.9%), and machinery (+2.1%).

Sofia TOZY, Economiste