The growth slows, according to Istat. The Italian economy marks a development, but with a moderate pace: Consumption the main engine is also accompanied by a enhancement of investment . But the institute’s monthly statistical note also says that the composite leading indicator recorded a further decline: namely that economic activity is set to slow in the short term. The positive results recorded in the first quarter – said the Mayor – alongside some signs of weakness in the expectations of the business and the Orders in the manufacturing sector .
in the first quarter, the positive contributions to growth of 0.3% recorded by the GDP comes mainly from the resident household spending , while the foreign component has provided a negative contribution to growth. Compared to the previous quarter, the national final consumption and Gross fixed investment have risen to the same degree (+ 0.2%), while the slowdown in world trade has affected the trend in exports (-1.5%). The modest increase in investment has synthesized one hand, the ongoing growth of the plant and equipment (+ 1.3%) and the recovery of the products in intellectual property (+ 1.1%), on the other hand the reduction of the construction (- 0.5%). Investments in transportation have made a positive contribution, but significant deceleration (+2.4%).
In ‘ Industry in the strict sense, to the robust growth in the value added in the first quarter (+ 1.2% over the previous quarter) were accompanied by conflicting signals from the orders (-1.4%) and the climate of confidence, a slight decrease in May, continues to oscillate on the beginning levels year. Also in May we point the deterioration in the opinions on the economy expected for all major economic groupings.
In the Building , the positive results of the second half of 2015 have not been confirmed by the first three months of 2016, when the economic decline of the investments involved, with similar intensity, both the houses both non-residential buildings and other works. In May, the climate of business confidence remains at a high level and reinforce the improvement in the property market signals.
In May, the expectations formulated by the business on employment trends for the following three months are an improvement in services in the face of an overall deterioration in the other sectors. According to Istat the increases in pay contract per capita remains very small (in April marked a trend of 0.6%) growth in a context of reduction of the level of consumer prices. In April, it is still read, the increase in busy refers to both men (+ 0.3% on-month) and women (+ 0.1%). The increase involved employees on a permanent basis (+ 0.2%, 35 000 employees in more), compared to a broadly stable than completed ones. The unemployment rate started to rise, to 11.7%, as a result of the growth in female unemployment at 12.8% due to the increase in the number of women seeking employment (+ 4.2% in one month) corresponding to a decline of inactive (-0.8%).
spending family grows, for example, but last month the confidence worsened. In the first quarter of 2016, we read, the expenditure of Italian families has grown on a cyclical basis at the same rate of the previous quarter (+ 0.3%). The most significant increases were recorded in spending on non-durable goods (+ 0.7%) and durable ones (+ 0.5%, while braking than in previous quarters) while expenditures for services were weaker (+ 0.2%); purchases in semi-durable goods were down significantly (-1%). Even the government expenditure recorded a slight increase (+ 0.2%). In May, it continued the decline of consumer confidence started in January. Last month are worsening assessments on the economic climate and, to a lesser extent, on the future climate.
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