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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Wage Inflation YoY climbed to 1.3% in November 2015
FMPMonthlyReleased December 2015
Italy Wage Inflation YoY climbed to 1.3% in November 2015, released December 2015, up 0.1% from October's 1.2% reading. The print exceeded the 1.2% consensus by 0.1%. The print is running well above the 12-month average of 1.15%. Over the past 3 months, Wage Inflation YoY averaged 1.2%, vs 1.13% in the prior 3-month window. Wage Inflation YoY is now the highest in 9 months.
Latest Release
1.3
Actual
1.2
Consensus
1.2
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 YoY (Italy) was reported at 0.4% in January 2017. The reading was unchanged from the previous release.
WHY IT MATTERS
The trailing three releases averaged 0.47%, down from the prior three at 0.6%.
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 (Jun 26) and Consumer Confidence (Jun 26).
Auto-generated from current model state · Refreshes on each release · Last update January 2017.
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Wage Inflation YoY - IT
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About Wage Inflation YoY — Italy
DEFINITION
Wage Inflation YoY is a financial indicator that measures the year-over-year change in wages and salaries for workers in a specific industry or economy. It provides valuable insights into the rate of increase in labor costs and can be used to assess the overall health of an economy and its impact on consumer spending and inflation. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and projections.
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 0.4 %. Prior reading (Nov 2016): 0.4 %. Before that (Oct 2016): 0.6 %.
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.