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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Wage Inflation MoM climbed to 0.2% in November 2015
FMPMonthlyReleased December 2015
Italy Wage Inflation MoM climbed to 0.2% in November 2015, released December 2015, up 0.1% from October's 0.1% reading. The print exceeded the 0.1% consensus by 0.1%. Wage Inflation MoM has now risen for 3 consecutive months. Over the past 3 months, Wage Inflation MoM averaged 0.03%, vs 0.07% in the prior 3-month window. Wage Inflation MoM is now the highest in 8 months.
Latest Release
0.2
Actual
0.1
Consensus
0.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wage Inflation MoM (Italy) was reported at 0% in January 2017. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 0.03%, up from the prior three at 0%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 28) and Consumer Confidence (May 28).
Auto-generated from current model state · Refreshes on each release · Last update January 2017.
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Wage Inflation MoM - IT
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About Wage Inflation MoM — Italy
DEFINITION
Wage Inflation MoM (Month-over-Month) is a financial indicator that measures the change in average wages for workers on a monthly basis. It is a key metric for tracking the rate of increase in wages and can provide insights into the overall health of the economy. This indicator is closely monitored by policymakers, businesses, and investors as it can impact consumer spending, inflation, and interest rates. A higher Wage Inflation MoM may indicate a strong labor market and potential for increased consumer spending, while a lower reading may suggest a weaker economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2016): actual 0 %. Prior reading (Dec 2016): 0 %. Before that (Dec 2016): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.