Yesterday, ISTAT published estimates of GDP for the first quarter 2016: In the first three months of the year the Italian economy grew by 0.3% over the last three months of last year and of ’1% in annual comparison. Growth lower than estimated, and the government’s expectations for 2016 but still the quarterly change was driven by an increase in value added in industry and services in the face of a decline in agriculture. Positive contributions from the demand side have come instead from the national component (gross inventories) and weighed in a negative net foreign component. Il Sole 24 Ore, however, be noted that the Italian economy is still below that of the Euro:
data released yesterday are adjusted for calendar effects and seasonally adjusted: the first quarter of the year had 2 working days more in the last of 2015 and the same number of working days in the first quarter of 2015, when the measured growth (and later confirmed) was instead of 0.4 percent. The data confirmed yesterday, in the words of the President of Istat, George Breed, that “it is going to strengthen economic growth bottom.” Raise it said on April 9 in the House, during the hearing on the Def. And in that case, citing both the precursor indicator dynamics both the short-term forecasting model Istat, anticipated the wait for a 0.3% growth in the first quarter (which is now confirmed) set to continue at a pace similar to June.
to meet the objective of the Government of a variation of 1.2% in real terms year-end, he finally added Breed, he will serve a more robust growth in the last two quarters of ‘year. The size of the Italian economy’s growth is still below the Eurozone, which in the first quarter increased by 0.5% and 1.5% in terms of economic trends. And we are very far from the 0.7% recorded by the German locomotive or + 0.5% in France. While the “fast” about the US economic situation, which recorded a + 0.1% in the first quarter, should be read bearing in mind that the States have got all’ottantatreesimo consecutive month of expansion and that their previous cycle of expansion lasted 85 months and abruptly stopped in 2007.
Italy’s GDP and that of other European countries compared (Il Sole 24 Ore, 14 May 2016)
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