Friday, August 14, 2015

GDP, slow recovery: + 0.2% in the second quarter – Il Sole 24 Ore

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This entry was posted on August 14, 2015 at 10:08.
The last change is the August 14, 2015 at 11:13.

The Italian GDP grew by 0.2% compared to the first quarter of 2015 and the 0.5% in comparison with the second quarter of 2014. This was announced by ISTAT spreading the preliminary estimate. The cyclical increase (+ 0.2%) corresponds to the expectations of most analysts, but is lower than that recorded in the first quarter (+ 0.3%). However the figure confirms the exit of the country from recession. Istat monthly note in July had also announced that the information from the productive sectors showed an intensity of economic growth “more modest” than the first quarter. The change gained in GDP for 2015 is + 0.4%. In the first quarter, the change was acquired was + 0.2%.

MEF: GDP grows as expected, the country can and must do better
“The GDP for the second quarter as it grows from expectations.” And the information ‘is in line with the estimate of 0.7% for 2015 “. So says a spokesman for the minister of Economy, Pier Carlo Padoan, for which these data “show that the programming of public finance is based on estimates correct and reliable.” Also it is emphasized that “after 13 consecutive quarters of downward trend we have two quarters of growth.” Positive data then, but not sufficient “The country can and must do better – is the conclusion – the structural reforms and economic policy will favor the acceleration.”

GDP: + 0.2% in the second quarter
The data disseminated by Istat is corrected for calendar effects and seasonally adjusted: the second quarter of 2015 had the same number of working days in the prior quarter and a working day more than in the second quarter of 2014. The short-term change, says the National Bureau of Statistics, is the synthesis of a decrease in the value added in the sector of agriculture, of an increase in services, and no change throughout the industry (industry excluding construction, and construction). On the demand side, there is a positive contribution to the national component (gross inventory) and a negative contribution of net foreign component.

Euroland GDP rising by 0.3% in the second quarter
The Italian GDP growth is slightly below the average for the Euro : + 0.3% in the second quarter of 2015 in the EU-19 according to Eurostat data. In the first quarter it had risen by 0.4%, as in the last quarter of 2014. Compared to the same quarter of 2014 marks a rise of 1.2%. Italy recorded + 0.2%. Spain 1%, Greece 0.8%, Germany 0.4%, unchanged in France. Outside the euro over the same period, GDP increased by 0.7% in quarterly terms in the United Kingdom. Growth of 0.6% in the US.

France: the economy stagnates, firm GDP in the second quarter
Particularly disappointing performance of the French economy. In the second quarter, GDP remains unchanged compared to the previous quarter, after an encouraging + 0.7% in the first quarter. On an annual basis, the increase was 1 percent. He informed the Statistical Office on the basis of preliminary estimates. Economy Minister Michel Sapin maintains a + 1% its estimates on growth in 2015.

Germany: + 0.4% estimated GDP in the second quarter, up 1.6% on year
The German GDP grows, but below expectations in the second quarter of 2015. Based on preliminary estimates, rose 0.4% from the previous quarter (+ 0.3%) and of ’1.6% over the same period of 2014. Market expectations were inclined to a + 0.5% and + 1.5% cyclical trend.



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