Italy EUR

Italy Wage Inflation YoY

Impact:
Low
Source: National Institute of Statistics (ISTAT)

Latest Release:

Date:
Surprise:
-0.1%
Actual:
0.4%
Forecast: 0.5%
Previous/Revision:
0.4%
Period: Dec
What Does It Measure?
Wage inflation measures the annual change in wages paid to employees in Italy, reflecting the rate at which compensation is increasing across various sectors of the economy. It provides insights into labor costs, consumer spending power, and can be indicative of inflationary pressures in the broader economy.
Frequency
Wage inflation data is typically released on a quarterly basis and generally reflects final figures for the preceding quarter, with the report typically published within a month of the quarter's end.
Why Do Traders Care?
Traders monitor wage inflation closely as it is a crucial indicator of potential changes in consumer spending and overall economic health; higher wage growth can bolster spending and drive economic expansion, impacting currencies, equities, and bonds. Conversely, lower wage inflation may suggest weakness in consumer demand, leading to bearish impacts on financial markets.
What Is It Derived From?
Wage inflation is derived from various sources, including labor market surveys and statistical agencies that collect data from businesses regarding employee compensation. The calculation often involves weighted averages that reflect changes across industries and regions to provide a comprehensive view of wage trends.
Description
Wage inflation data provides insights into the cost pressures facing businesses and the purchasing power of consumers, serving as a key component for evaluating economic conditions. Wage inflation serves as a coincident indicator, often moving in tandem with other economic indicators like consumer price index (CPI) and employment statistics, thereby offering a clearer picture of inflation dynamics.
Additional Notes
This indicator is significant as it relates to other economic metrics such as inflation rates and employment figures, and it may serve as a leading signal for potential changes in monetary policy. Wage inflation is closely watched against broader global trends, signaling the competitiveness of the labor market and its implications for the European economy.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually good for the EUR but bad for Stocks due to cheaper borrowing costs.

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
Jan 27, 2017
0.4%
 0.5%
0.4%
 -0.1%
Dec 21, 2016
0.4%
 0.7%
0.6%
 -0.3%
Nov 24, 2016
0.6%
 0.7%
0.6%
 -0.1%
Oct 27, 2016
0.6%
 0.7%
0.6%
 -0.1%
Sep 28, 2016
0.6%
 0.7%
0.6%
 -0.1%
Aug 31, 2016
0.6%
 0.7%
0.7%
 -0.1%
Jul 28, 2016
0.7%
 0.7%
0.6%
Jun 24, 2016
0.6%
 0.7%
0.6%
 -0.1%
May 26, 2016
0.6%
 0.9%
0.8%
 -0.3%
Apr 28, 2016
0.8%
 0.9%
0.8%
 -0.1%
Mar 23, 2016
0.8%
 0.8%
0.7%
Feb 26, 2016
0.7%
 1.4%
1.3%
 -0.7%
Jan 28, 2016
1.3%
 1.3%
1.3%
Dec 18, 2015
1.3%
 1.2%
1.2%
 0.1%
Nov 24, 2015
1.2%
 1.2%
1.2%
Oct 23, 2015
1.2%
 1.1%
1.2%
 0.1%
Sep 25, 2015
1.2%
 1%
1.2%
 0.2%
Aug 28, 2015
1.2%
 1%
1.1%
 0.2%
Jul 24, 2015
1.1%
 1%
1.1%
 0.1%
Jun 24, 2015
1.1%
 1.3%
1.2%
 -0.2%
May 21, 2015
1.2%
 0.9%
1%
 0.3%