The Mayor sees the light at the end of the tunnel but the absence of work will remain a major problem even in 2015. The Notes Monthly update on the economy, the statistical institute ensures that “the contraction phase Italian economy is expected to stop in the next few months, in the presence of positive signals to domestic demand. ” But “the conditions of the labor market will remain weak, with employment levels and stagnant unemployment rate in growth.” And the third quarter of 2014 taken into account fully reflects this uncertainty, far from being unique, to the point that even a fall in oil prices would produce an expansionary effect only limited: in 2015 the impact would be nil in Italy says Istat. Marked by a permanent weakness in economic activity continues to decline in fact the GDP (-0.1 percent), pulled down by the manufacturing sector (-0.6 percent) and construction (-1.1 percent).
instead remain stationary services. And so, even those aspects as the increases of capital goods and consumption are offset by reductions recorded in the intermediate goods and energy. That applies also to the industrial sales (+0.4 percent), where the recovery of domestic sales (+0.7) and exports on EU markets are riesciti to mitigate the decline to countries outside the EU EU (-1.8), caused by the difficulties of emerging economies and Asian countries. And if the construction sector continues to be marked by high variability, the retail trade is shown substantially stationary. While boosting confidence but – as for the rest – in sectors well in manufacturing and in retail trade, hurt in construction and services market. Result: Overall expectations are unchanged.
Although the labor market is presented with two faces, though – underlines the Istat – “going through a phase of overall stagnation”: decreases the effective remedy to layoffs but goes to October recorded a new worsening employment (down 0.2 percent from the previous month). Consequently, the unemployment rate continued to climb to 13.2 percent (the European average is 11.5). An increase mainly due to the increase in people seeking employment (+5.8 per cent) and the unemployed looking for their first job (17.6 percent). And to curb the use is also the “lead” consists of long-term unemployed, those who are looking for work for over a year increased by four percentage points, reaching 62.3 percent of the total. And being “considered unattractive by businesses,” recalls Istat, this “is a factor preventing a drop in unemployment especially in the South.”
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