Italy: Economic and financial data

Footnotes

Industrial production index, excluding constructions [back]

Change from previous period and change from same period of last year are in absolute value [back]

Differences in sources as well as in methodology account for (not significant) discrepancies between net borrowing and balance, that, "ideally", should be equal and of opposite sign [back]

Data include postal saving and the Treasury account with Bank of Italy [back]

Data are affected by EUROSTAT decisions on securization operations of July 3, 2002 [back]

Calculated according to Regulation no. 479/2009, in line with the definition adopted for the excessive deficit procedure, consolidated within the subsector, face value. [back]

From the third quarter 2012 tha data are taken from the Bank of Italy's Statistical Bulletti [back]

The residence criterion is "euro area". The domestic sector therefore comprises persons resident in Italy and in the other countries partecipating in the monetary union, the external sector persons not resident in the euro area. [back]

From January 2002, with the start of the circulation of the euro, the national contributions to the euro-area monetary aggregates are defined excluding currency in circulation, as agreed by the Eurosystem. [back]

Includes claims on non-financial public enterprises. [back]

The residence criterion is "euro area". The domestic sector therefore comprises persons resident in Italy and in the other countries partecipating in the monetary union, the external sector persons not resident in the euro area. [back]

The end-of-period stock may differ significantly from the statistical measure of the national contribution to euro-area 'base money', which is calculated as the average of daily stocks over the reserve requirements maintenance period and includes coins issued by the Treasury (published on the Supplement "Money and Banking"). [back]

The currency in circulation component does not correspond to the actual circulation of banknotes within the domestic territory. According to the accounting regime chosen by the Eurosystem, it is a portion of the 92 percent of the value of the euro banknotes in circulation allocated to the NCBs, corresponding to the Bank of Italy's paid-up share in the ECB's capital. [back]

Not applicable, as direct lending from the Bank of Italy to the government is not permitted under the terms of the Maastricht Treaty. Claims on general government originated before the start of stage two of monetary union are published by the Bank of Italy in the balance sheet aggregates under a separate item. [back]

Includes loans in euros to financial institutions (mainly refinancing operations with credit institutions). There is no credit from the Bank of Italy to non-financial public enterprises. Claims in the form of securities and claims in foreign currencies to the non-government sector are not separately identifiable in the accounting scheme. [back]

A sectoral breakdown for domestic credit is published, with a 1 month lag, in the Table "Summary data on resident Monetary Financial Institutions" (see: www.bancaditalia.it/statistiche/SDDS/stat_fin/Moneta_IFM/MON_IFM/MON_IFM_en.pdf). [back]

This item includes gold and gold receivables, claims on non-euro-area residents, both in domestic and foreign currencies. [back]

Includes counterparts to Special Drawing Rights and liabilities to non-euro-area resident (both in domestic and foreign currencies). [back]

For data on short and long-term government securities based on yields at auction see The Financial Market:(Tables) TDEE0120, TDEE0121,TDEE0122, TDEE0123, TAME0130, and TAME0280.For official Eurosystem interest rates and banks' interest rates see Money and banking: table TAM10500 (section 1) and tables section 3. [back]

This item includes gold and gold receivables, claims on non-euro area residents denominated in foreign currency (bank accounts, securities and loans; claims on the IMF). [back]

For the General government the distinction between money market instruments and bonds and notes is provisional and under revision. [back]