Friday, February 27, 2015

Istat, Italy growing again Towards + 0.1% first quarter – BBC

Istat, Italy growing again Towards + 0.1% first quarter – BBC



Milan , February 27, 2015 – 17:32

     
     
 

Signs of recovery for the Italian productive system: given the data Istat . “For the first quarter of 2015 is expected to return to GDP growth.” So the monthly note on economic Italy presented by Statistics. “The short-term change of real GDP is expected to be + 0.1%, with a confidence interval of between -0.1% and + 0.3%. According to ISTAT, the positive signals on the Italian economy are strengthened. The improvement of the views of consumers and businesses registered in February alongside the increase in industrial production in December and that of services revenue in the fourth quarter of 2014. However, there remain difficulties in the labor market and confirm the deflationary phase, albeit attenuation .

Positive signs for leather, paper and metallurgy

In Competitiveness Report presented this morning by Istat always be noted as the first three quarters of the year ‘manufacturing enterprise on two (among those with at least 20 employees) has increased the total turnover of at least 1% over the same period of 2013. The improvement was evident both compared to the annual average of the four-year period from 2010 to 2013 (when a firm two had recorded increases in turnover of at least 0.2% per year) and, above all, with respect to 2013 (-2.2% per year on the 2012). ” According to ISTAT, the improvement in manufacturing is widespread: of the 23 sectors considered here, 13 are those who have seen increase the value of sales in the first nine months of 2014. The manufacturing sectors in 2014 that showed the largest increases in revenue are the manufacture of other transport equipment (+ 6.5%), motor vehicles (+ 4.6%) and rubber and plastic (+ 3.3%). In general, some manufacturing sectors have improved an already positive trend (textiles, leather, paper, metallurgy, metal products); in other cases there has been a recovery after four years of difficulty (rubber and plastics, electrical equipment, motor vehicles, other transport equipment, other manufacturing, repair and maintenance); instead continue to worsen or do not compensate for past losses clothing, the timber industry, printing, furniture).

Turnover up to 12 sectors of 23

The main novelty of 2014 is represented by the improvement in domestic sales after years of stagnation or contraction in demand (+ 0.5% the median change, after -3% in each year of the 2010-2013 period). Turnover in Italy increased in 12 sectors of 23, against a single case in the previous period. In particular, turned positive for capital goods (+ 0.9%), was substantially stagnant – breaking the fall of the previous period – for intermediate products and consumer non-durables (+ 0.3% in both cases) , suffered a modest reduction in the sectors of durable consumer goods (-0.9%), continued to contract for energy products (-4.8%).

February 27, 2015 | 17:32

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