Italy
-5.0
▬
vs 1w ago (-5.3)
Italy economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
-5.0
1 Week Ago
-5.3
Releases (90d)
141
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with FTSE MIB Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Unemployment Rate +1.90z
- Industrial Sales YoY +3.69z
- S&P Global Manufacturing PMI +1.71z
- HCOB Manufacturing PMI +1.18z
- Producer Price Index YoY +3.14z
▼ Top Negative Surprises
- Inflation Rate MoM -2.87z
- CPI -3.55z
- CPI -3.55z
- CPI -3.55z
- Inflation Rate YoY -1.09z
All Releases — 90 Day Window (141 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-03-03 | Inflation Rate MoM | 0.8 | 0.2 | -2.869 | Medium | -92.49 |
| 2026-03-04 | Unemployment Rate | 5.1 | 5.6 | +1.899 | Medium | +62.63 |
| 2026-03-03 | CPI | 0.8 | 0.3 | -3.550 | Low | -57.21 |
| 2026-03-03 | CPI | 0.8 | 0.3 | -3.550 | Low | -57.21 |
| 2026-03-03 | CPI | 0.8 | 0.3 | -3.550 | Low | -57.21 |
| 2026-02-27 | Industrial Sales YoY | 3.6 | 0.4 | +3.689 | Low | +54.21 |
| 2026-03-02 | S&P Global Manufacturing PMI | 50.6 | 49.1 | +1.714 | Medium | +53.97 |
| 2026-03-03 | Inflation Rate YoY | 1.6 | 1.1 | -1.091 | High | -52.73 |
| 2026-03-03 | HICP MoM | 0.6 | 0.1 | -3.211 | Low | -51.75 |
| 2026-03-03 | HICP MoM | 0.6 | 0.1 | -3.211 | Low | -51.75 |
| 2026-03-03 | HICP MoM | 0.6 | 0.1 | -3.211 | Low | -51.75 |
| 2026-03-03 | HICP MoM | 0.6 | 0.1 | -3.211 | Low | -51.75 |
| 2026-03-03 | Harmonised Inflation Rate MoM | 0.6 | 0.1 | -3.153 | Low | -50.82 |
| 2026-03-03 | HICP YoY | 1.6 | 1.1 | -2.789 | Low | -44.95 |
| 2026-03-03 | HICP YoY | 1.6 | 1.1 | -2.789 | Low | -44.95 |
| 2026-03-03 | HICP YoY | 1.6 | 1.1 | -2.789 | Low | -44.95 |
| 2026-03-03 | HICP YoY | 1.6 | 1.1 | -2.789 | Low | -44.95 |
| 2026-03-02 | HCOB Manufacturing PMI | 50.6 | 49.0 | +1.182 | Medium | +37.23 |
| 2026-03-13 | Industrial Production MoM | -0.6 | 0.3 | -0.636 | Medium | -25.81 |
| 2026-01-30 | Producer Price Index YoY | -1.4 | -0.3 | +3.144 | Low | +24.19 |
| 2026-03-02 | Manufacturing PMI | 50.6 | 49.5 | +0.752 | Medium | +23.69 |
| 2026-02-04 | Services PMI | 52.9 | 51.3 | +1.318 | Medium | +22.76 |
| 2026-02-04 | Services PMI | 52.9 | 51.3 | +1.318 | Medium | +22.76 |
| 2026-01-06 | HCOB Services PMI | 51.5 | 54.7 | -2.508 | Medium | -22.16 |
| 2026-02-04 | HCOB Services PMI | 52.9 | 51.4 | +1.251 | Medium | +21.61 |
| 2026-03-05 | Retail Sales MoM | 0.6 | 0.2 | +0.639 | Medium | +21.58 |
| 2026-01-30 | GDP Growth Rate YoY | 0.8 | 0.5 | +0.863 | High | +19.92 |
| 2026-01-06 | Services PMI | 51.5 | 54.2 | -2.105 | Medium | -18.60 |
| 2026-02-26 | Business Confidence | 88.5 | 89.5 | -0.639 | Medium | -18.36 |
| 2026-03-05 | HCOB Construction PMI | 50.4 | 48.5 | +1.057 | Low | +17.85 |
| 2026-02-05 | Retail Sales MoM | -0.8 | 0.4 | -0.959 | Medium | -16.95 |
| 2026-01-30 | Gross Domestic Product YoY | 0.8 | 0.5 | +2.135 | Low | +16.42 |
| 2026-01-30 | Gross Domestic Product YoY | 0.8 | 0.5 | +2.135 | Low | +16.42 |
| 2026-01-08 | Unemployment Rate | 5.7 | 6.0 | +1.063 | High | +14.76 |
| 2026-03-20 | Current Account | -1785.0 | -750.0 | -0.593 | Low | -14.15 |
| 2026-01-30 | GDP Growth Rate QoQ | 0.3 | 0.2 | +0.601 | High | +13.88 |
| 2026-01-02 | HCOB Manufacturing PMI | 47.9 | 50.2 | -1.659 | Medium | -13.37 |
| 2026-03-03 | New Car Registrations YoY | 14.0 | 4.3 | +0.760 | Low | +12.25 |
| 2026-03-03 | New Car Registrations YoY | 14.0 | 4.3 | +0.760 | Low | +12.25 |
| 2026-01-02 | Manufacturing PMI | 47.9 | 50.0 | -1.422 | Medium | -11.46 |
| 2026-01-30 | Unemployment Rate | 5.6 | 5.8 | +0.733 | Medium | +11.28 |
| 2026-01-06 | HCOB Composite PMI | 50.3 | 53.2 | -2.379 | Low | -10.51 |
| 2026-02-04 | S&P Global Services PMI | 52.9 | 51.3 | +1.183 | Low | +10.22 |
| 2026-03-03 | Harmonised Inflation Rate YoY | 1.6 | 1.1 | -0.595 | Low | -9.59 |
| 2026-03-20 | Construction Output YoY | -0.6 | 4.8 | -0.365 | Low | -8.72 |
| 2026-02-02 | HCOB Manufacturing PMI | 48.1 | 48.8 | -0.519 | Medium | -8.57 |
| 2026-03-17 | HICP YoY | 1.5 | 1.6 | +0.383 | Low | +8.54 |
| 2026-03-13 | Industrial Production YoY | -0.6 | 0.8 | -0.407 | Low | -8.26 |
| 2026-03-04 | HCOB Services PMI | 52.3 | 52.0 | +0.247 | Medium | +8.16 |
| 2026-03-04 | Services PMI | 52.3 | 52.6 | -0.241 | Medium | -7.95 |
| 2026-03-04 | Services PMI | 52.3 | 52.6 | -0.241 | Medium | -7.95 |
| 2026-03-04 | Services PMI | 52.3 | 52.6 | -0.241 | Medium | -7.95 |
| 2026-02-02 | S&P Global Manufacturing PMI | 48.1 | 48.5 | -0.463 | Medium | -7.63 |
| 2026-03-04 | S&P Global Services PMI | 52.3 | 52.6 | -0.216 | Medium | -7.14 |
| 2026-03-04 | HCOB Composite PMI | 52.1 | 51.6 | +0.423 | Low | +6.97 |
| 2026-02-04 | HICP YoY | 1.0 | 0.9 | -0.682 | Low | -5.89 |
| 2026-02-04 | HICP YoY | 1.0 | 0.9 | -0.682 | Low | -5.89 |
| 2026-01-30 | Gross Domestic Product QoQ | 0.3 | 0.2 | +0.763 | Low | +5.87 |
| 2026-01-30 | Gross Domestic Product QoQ | 0.3 | 0.2 | +0.763 | Low | +5.87 |
| 2026-03-02 | Government Budget | -3.1 | -3.0 | -0.123 | High | -5.80 |
| 2026-03-10 | Producer Price Index MoM | 1.5 | 0.7 | -0.299 | Low | -5.67 |
| 2026-02-04 | HCOB Composite PMI | 51.4 | 50.7 | +0.603 | Low | +5.20 |
| 2026-03-10 | Producer Price Index YoY | -1.6 | -2.3 | -0.261 | Low | -4.94 |
| 2026-01-30 | Producer Price Index MoM | -0.7 | 0.5 | +0.629 | Low | +4.84 |
| 2026-01-15 | Industrial Production MoM | 1.5 | 0.5 | +0.424 | Medium | +4.61 |
| 2026-02-02 | Manufacturing PMI | 48.1 | 48.5 | -0.279 | Medium | -4.60 |
| 2026-03-05 | Retail Sales YoY | 2.3 | 1.0 | +0.256 | Low | +4.33 |
| 2026-01-15 | Industrial Production YoY | 1.4 | -0.6 | +0.774 | Low | +4.21 |
| 2026-02-20 | Construction Output YoY | 5.4 | 2.7 | +0.325 | Low | +4.06 |
| 2026-02-11 | Industrial Production YoY | 3.2 | 1.2 | +0.387 | Low | +3.93 |
| 2026-02-05 | HCOB Construction PMI | 47.7 | 48.4 | -0.390 | Low | -3.45 |
| 2026-03-17 | Inflation Rate YoY | 1.5 | 1.6 | +0.150 | Low | +3.34 |
| 2026-01-09 | Retail Sales MoM | 0.5 | 0.3 | +0.213 | High | +3.03 |
| 2026-03-20 | Balance of Trade | 1.089 | 5.6 | -0.063 | Medium | -3.01 |
| 2026-01-07 | Inflation Rate YoY | 1.2 | 1.1 | -0.218 | High | -2.96 |
| 2026-02-19 | Current Account | 3109.0 | 1990.0 | +0.242 | Low | +2.95 |
| 2026-01-07 | Harmonised Inflation Rate MoM | 0.2 | 0.1 | -0.631 | Low | -2.85 |
| 2026-03-17 | Inflation Rate MoM | 0.7 | 0.8 | +0.120 | Low | +2.66 |
| 2026-02-02 | New Car Registrations YoY | 6.2 | 3.2 | +0.316 | Low | +2.61 |
| 2026-01-07 | HCOB Construction PMI | 47.9 | 48.9 | -0.552 | Low | -2.50 |
| 2026-02-26 | Consumer Confidence | 97.4 | 97.2 | +0.084 | Medium | +2.42 |
| 2026-03-17 | HICP MoM | 0.5 | 0.6 | +0.107 | Low | +2.38 |
| 2026-03-17 | Harmonised Inflation Rate MoM | 0.5 | 0.6 | +0.105 | Low | +2.34 |
| 2026-01-28 | Business Confidence | 89.2 | 89.0 | +0.129 | Medium | +1.89 |
| 2026-03-17 | Harmonised Inflation Rate YoY | 1.5 | 1.6 | +0.082 | Low | +1.82 |
| 2025-12-22 | Producer Price Index YoY | -0.2 | -0.6 | -0.572 | Low | -1.79 |
| 2026-02-04 | Harmonised Inflation Rate YoY | 1.0 | 0.9 | -0.145 | Low | -1.26 |
| 2026-01-28 | Consumer Confidence | 96.8 | 97.0 | -0.084 | Medium | -1.24 |
| 2026-01-07 | CPI | 1.2 | 1.1 | -0.194 | Low | -0.88 |
| 2026-02-11 | Industrial Production MoM | -0.4 | -0.5 | +0.042 | Medium | +0.86 |
| 2025-12-22 | Producer Price Index MoM | 1.0 | 0.5 | -0.262 | Low | -0.82 |
| 2026-01-20 | Current Account | -1333.0 | -1800.0 | +0.111 | Low | +0.68 |
| 2026-02-05 | Retail Sales YoY | 0.9 | 1.4 | -0.070 | Low | -0.62 |
| 2026-02-17 | Balance of Trade | 6.037 | 4.5 | +0.027 | Medium | +0.62 |
| 2026-01-09 | Retail Sales YoY | 1.3 | 1.5 | -0.026 | High | -0.37 |
| 2026-02-27 | Industrial Sales MoM | 0.5 | 0.6 | -0.025 | Low | -0.36 |
| 2026-01-05 | New Car Registrations YoY | 2.2 | 2.5 | -0.040 | Low | -0.17 |
| 2026-01-15 | Balance of Trade | 5.078 | 5.2 | -0.002 | Medium | -0.02 |
| 2026-01-07 | Harmonised Inflation Rate YoY | 1.2 | 1.2 | -0.000 | Low | -0.00 |
| 2026-01-07 | HICP YoY | 1.2 | 1.2 | -0.000 | Low | -0.00 |
| 2026-01-07 | Inflation Rate MoM | 0.2 | 0.2 | -0.000 | Medium | -0.00 |
| 2026-01-16 | Inflation Rate MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-01-16 | HICP MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-01-16 | Harmonised Inflation Rate YoY | 1.2 | 1.2 | -0.000 | Low | -0.00 |
| 2026-01-16 | Inflation Rate YoY | 1.2 | 1.2 | -0.000 | Low | -0.00 |
| 2026-01-16 | Harmonised Inflation Rate MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-01-16 | HICP YoY | 1.2 | 1.2 | -0.000 | Low | -0.00 |
| 2026-01-21 | Construction Output YoY | 3.2 | 3.2 | +0.000 | Low | +0.00 |
| 2026-02-02 | Manufacturing PMI | 48.1 | 48.1 | +0.000 | Medium | +0.00 |
| 2026-02-04 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-04 | Harmonised Inflation Rate MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-04 | Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Medium | -0.00 |
| 2026-02-04 | CPI | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-04 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-04 | Inflation Rate YoY | 1.0 | 1.0 | -0.000 | High | -0.00 |
| 2026-02-23 | CPI | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | CPI | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | Harmonised Inflation Rate MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | Inflation Rate YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | Harmonised Inflation Rate YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-02-23 | CPI | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP MoM | -1.0 | -1.0 | -0.000 | Low | -0.00 |
| 2026-02-23 | HICP YoY | 1.0 | 1.0 | -0.000 | Low | -0.00 |
| 2026-03-02 | Full Year GDP Growth | 0.5 | 0.5 | +0.000 | High | +0.00 |
| 2026-03-04 | Gross Domestic Product YoY | 0.8 | 0.8 | +0.000 | Low | +0.00 |
| 2026-03-04 | Gross Domestic Product QoQ | 0.3 | 0.3 | +0.000 | Low | +0.00 |
| 2026-03-04 | Gross Domestic Product YoY | 0.8 | 0.8 | +0.000 | Low | +0.00 |
| 2026-03-04 | Gross Domestic Product QoQ | 0.3 | 0.3 | +0.000 | Low | +0.00 |
| 2026-03-04 | Gross Domestic Product QoQ | 0.3 | 0.3 | +0.000 | Low | +0.00 |
| 2026-03-04 | GDP Growth Rate YoY | 0.8 | 0.8 | +0.000 | Low | +0.00 |
| 2026-03-04 | Gross Domestic Product YoY | 0.8 | 0.8 | +0.000 | Low | +0.00 |
| 2026-03-04 | GDP Growth Rate QoQ | 0.3 | 0.3 | +0.000 | Low | +0.00 |