Italy grows by 0.2% in the second quarter. Spain the best, France to pole – 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 16:42.

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%.

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, 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.

“If the recovery in corporate profits goes to Ritom gradual – noted economist of Unicredit Loredana Federico – investment in machinery are the main growth engine that can positive surprises in the coming quarters.”

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, according to Eurostat data which are slightly lower than estimated Eve. In the first quarter, GDP in the 19 countries that share the single currency had risen by 0.4%, as in the last quarter of 2014 (marking a rise of 1.2% over the same quarter in 2014). If Italy recorded + 0.2%, Spain remains the country most dynamic Eurozone (with the exception of the small Latvia) with a 1% growth (+ 3.1% yoy) and Greece marks a sorpendente + 0.8% (but the second half is expected to sharp deterioration after the banking crisis of the summer).

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. 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.

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