In the second quarter of 2015 the Italian GDP rose 0.2% on the previous quarter (which was up by 0.3%) and by 0.5% in comparison with the second quarter of 2014. This was announced by ISTAT spreading the preliminary estimate. The data disseminated by Istat is adjusted for calendar effects and seasonally adjusted: The second quarter of 2015 has had the same number of working days in the prior quarter and a working day more than in the second quarter of 2014. The term change, says the National Bureau of Statistics, is the synthesis of a decrease of the value added in the sector of agriculture, an increase in services, and no change overall 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.
MEF, as expected, government action on reliable estimates – The result of the GDP in the second quarter “as expected”. The sources say the MEF explaining that “the financial programming of the government is based on reliable estimates.” “After 13 consecutive quarters of downward trend we have two quarters of growth.” The sources point out the MEF commenting the data on GDP spread this morning by Istat. “The country – says the MEF – can and must do better: structural reforms and economic policy will favor acceleration”.
The change gained in GDP for 2015 , that is the one that you would get in the presence of a short-term change anything in the remaining quarters of the year, it amounted to + 0.4%. This was communicated by Istat spreading preliminary estimates of GDP in the second quarter.
Zanetti, Italy can and must do better – “Italy can and must do better, but serve less psychodrama of a constitutional reform that will not move a zero-point of economy and more courage and concentration on competition, taxation, civil justice, public administration and all it takes to grow in a competitive and contestable new small and large businesses of tomorrow. ” Declares Enrico Zanetti, political secretary of Civic Choice and Economy Undersecretary, commenting on the GDP data.
Squinzi, go on to grow – “What is the GDP increased by 0.2% is positive. But we need numbers much better. Especially since 0.2 this is mainly due to lower oil prices, the depreciation of the euro and the injection of liquidity from the ECB. ” This was stated by the president of Confindustria, Giorgio Squinzi in an interview with Corriere della Sera, calling on the government to “move forward with reforms,” in particular “all those with a direct impact on the economy.” “I would start the reform of public administration – says – You have to drastically simplify the procedures for doing business. The times for permits are hallucinating. Then it takes modern industrial relations, to accompany labor reforms. We need industrial policy measures in some areas. Take the building. Since 2007 we have lost 900,000 jobs and production volumes have more than halved. It would take action in all fields, from building housing to major infrastructure. This is a sector with a very high intensity labor and turned to the domestic market. you can do interventions in many fields: energy saving, hydrogeological, post and pre-seismic “. The occupation does not increase despite the mix of tax relief and cutting IRAP “why not again domestic demand – says Squinzi – Even in food consumption have not increased either in quantity or in quality.” “Everything that goes in favor of the companies goes in favor of the country. The wealth to distribute it, we must first create it. This is why reforms are crucial.” The de-contribution on employees on permanent contracts, granted for 2015, for Squinzi must become structural “because it is used to the maximum contract of indefinite duration. For us it is also a priority in the negotiations”.
Brunetta, 0.7% final is at risk, goodbye dreams of GDP – “# Istat. Calm, little lights and shadows; the acquired is not much; 0.7% in final risk. Goodbye dreams of GDP. Poor Renzi. Poor Italy “. Writes on Twitter Renato Brunetta, chairman of the Members of Forza Italy.
Rosato, confirms that we are on the right track – “#italiariparte data GDP growth confirms that we are on the right track. With # leggestabilità tax cut equitable development “, said Ettore Rosato, Democratic Party leader in the House, on twitter.
GDP: In EU-19 rising by 0.3% in second quarter – GDP up 0.3% in the second quarter of 2015 in the EU-19. 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%. And ‘the estimate of Eurostat. The 1% Spain, Greece + 0.8%. In the EU-28 GDP in the second quarter grew by 0.4% , marking a rise of 1.6% over the same quarter of 2014. In the first quarter of 2015 grew by 0.4 %, as well as the last of 2015.
Germany: second quarter GDP + 0.4%, below estimates – grows less than expected Germany’s economy in the second quarter year. GDP marks an increase of 0.4%, as announced by the German Istat. The forecast was for growth of 0.5%. To weigh the Greek crisis and the slowdown in China.
France: GDP second quarter unchanged, below expectations – French economy stagnant in the second quarter. GDP in the April-June period was unchanged from the first quarter that was grown by a revised 0.7%. This was announced by the Office of Statistics in Paris, according to reports from Bloomberg. The figure is below analysts’ estimates (+ 0.2%). Compared with the second quarter of 2014 marks +1%.
Bank of Italy: debt to June to 2.203 billion – In the first six months of 2015, the Italian public debt increased by 68.7 billion to 2.203 billion. It reads in the supplement to the Statistical Bulletin of the Bank of Italy, which show that the total requirements amounted to 18.5 billion, while cash and cash equivalents Treasury increased by 54.5 billion. During the period, tax revenues amounted to 187.1 billion, a slight decrease. Tax revenues accounted for in the state budget in June amounted to 41.0 billion, down from the same month of 2014 (42.7 billion).
AP: C. Conti, in the three years 2012-14 spending rises from 821 to 838 billion – Continue to grow the public sector spending, rising in the 2012-2014 period from 821 billion to 838 billion euro. And ‘what emerges from the report of the Court of Auditors on the trends of territorial finance, which showed that spending on goods and services (from stationery to gasoline) has risen from 128 to 135 billion (+3 billion for local and + 7 billion for healthcare), transfers to social security funds from 309 billion to 318 billion, and those to the regions 131 to 139 billion.
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