The Bank of Italy published its August statistical snapshot of economic and financial conditions, showing that Italian GDP rose 0.2% from the previous quarter in the second quarter of 2026, following 0.3% growth in the first quarter. Preliminary harmonized consumer price inflation was 2.9% in July, down from 3.0% in June, while the current account recorded a EUR 6 billion surplus in the first five months of 2026 compared with a EUR 0.1 billion deficit a year earlier. Banking system data for March showed weighted-average common equity tier 1 and total capital ratios of 15.43% and 19.47%, respectively. The weighted-average liquidity coverage ratio was 174.09% and the net stable funding ratio was 131.51%. The publication also presents official estimates for 2026 of a general government deficit of 2.9% of GDP, a primary surplus of 1.2% and gross public debt of 138.6%. It reproduces the Bank of Italy’s June projections for GDP growth of 0.5% in 2026, 0.4% in 2027 and 0.9% in 2028, with inflation forecast at 3.1%, 2.0% and 1.9%, respectively.
Bank of Italy2026-08-11
Bank of Italy publishes August economic snapshot, GDP rises 0.2% in second quarter and July inflation reaches 2.9%
The Bank of Italy’s August snapshot shows GDP grew 0.2% in the second quarter of 2026, while preliminary harmonized inflation stood at 2.9% in July. Banking system weighted-average capital and liquidity ratios remained above regulatory minimums in March. Official estimates put the 2026 deficit at 2.9% of GDP and public debt at 138.6%.