Italy Terms Of Trade
Italy · Monthly series · EC-IT-TOT
Latest, August 2026
100.8 pts
-4.6% from July 2026
Forecast
Forecast for August 2027: 104.3 pts, with an 80% interval of 95.7 pts to 110.5 pts.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| September 2026 | 102.4 pts | 98.7 pts | 106.3 pts |
| October 2026 | 102.6 pts | 98.4 pts | 106.8 pts |
| November 2026 | 102.9 pts | 97.9 pts | 107.5 pts |
| December 2026 | 102.9 pts | 97.5 pts | 107.8 pts |
| January 2027 | 103.3 pts | 97.2 pts | 108.5 pts |
| February 2027 | 103.4 pts | 96.9 pts | 108.8 pts |
| March 2027 | 103.7 pts | 96.8 pts | 109.1 pts |
| April 2027 | 103.8 pts | 96.5 pts | 109.4 pts |
| May 2027 | 104.0 pts | 96.3 pts | 109.8 pts |
| June 2027 | 104.1 pts | 96.1 pts | 110.0 pts |
| July 2027 | 104.3 pts | 95.9 pts | 110.4 pts |
| August 2027 | 104.3 pts | 95.7 pts | 110.5 pts |
AI confidence
Needs refreshThe data refresh is due. Confidence will be reassessed against the refreshed history.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- n/aNot evaluated
- Direction
- n/aNot evaluated
- Turning points
- n/aNot evaluated
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison not readyA forecast and enough history for rolling backtests are required.
Reading
It is above 26% of the 118 earlier readings since September 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| August 2026 | 100.8 pts |
| July 2026 | 105.7 pts |
| June 2026 | 102.0 pts |
| May 2026 | 102.8 pts |
| April 2026 | 106.9 pts |
| March 2026 | 107.8 pts |
| February 2026 | 107.2 pts |
| January 2026 | 110.1 pts |
| December 2025 | 109.6 pts |
| November 2025 | 108.2 pts |
| October 2025 | 108.4 pts |
| September 2025 | 108.9 pts |
| August 2025 | 105.8 pts |
| July 2025 | 106.6 pts |
| June 2025 | 105.5 pts |
| May 2025 | 105.5 pts |
| April 2025 | 104.6 pts |
| March 2025 | 103.9 pts |
| February 2025 | 104.7 pts |
| January 2025 | 104.3 pts |
| December 2024 | 105.1 pts |
| November 2024 | 104.4 pts |
| October 2024 | 105.4 pts |
| September 2024 | 103.7 pts |
Source
Data: public market data feeds.
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