Istat: Italian economy during braking in the short term – Il Sole 24 Ore

slow growth “in the near term” for our economy. According to the “Monthly Note” released today by ISTAT, “the Italian economy continues to grow at a moderate pace, characterized by the consolidation of the positive contribution of domestic demand to GDP growth. The main engine of growth consists of the consumption of which is also accompanied by an improvement in investment. ” “If there are some signs of weakness of the expectations of business and manufacturing orders, the composite leading indicator for the Italian economy – add – marked a further decline, suggesting the slowdown in the pace of growth in economic activity in the short term. “

” “the main engine of growth consists of the consumption of which is also accompanied by an improvement in investment ‘”

monthly Note Istat May 2016

 

Inflation still negative, can recover in autumn
According to experts from the Institute of Statistics forecasts the index price recovery is still far away: in fact inflation will remain negative in the coming months, and every hope of recovery is postponed to next fall. ‘Within the framework of internal pressures on moderate prices and in the absence of substantial changes in the international scenario – reads the monthly note -l’inflazione likely to remain just negative or close to zero even in the summer months with a possible recovery from autumn’ .

Istat: in May prices return to rise: + 0.3% on the month, but down 0.3% on a year

Expenditure families Pa and a slight increase in the first quarter
in detail, the note records for the first quarter 2016 a mild growth in household spending equal to that of the previous quarter (+ 0.3%). The most significant increases were registered in spending on non-durable goods (+ 0.7%) and durable ones (+ 0.5%, a slowdown compared to previous quarters) while expenditures for services were weaker (+ 0.2%). Live also ecrescita spending Pa + 0.2% percent. 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.

GDP growth steady at 0.1%

trends articulated for the labor market
the job market shows a complex pattern into its components. In April, the increase in employment affected both men (+ 0.3% on a cyclical basis) and, to a lesser extent, 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, and also involved the independent (+ 0.3%). In the same month, the unemployment rate started to rise (11.7%, one tenth more than in March), as the effect of the evolution of the female component: the rate of women’s unemployment has in fact increased five-tenths of a point compared to March, reaching 12.8 per cent share. Because of this trend is the growth in the number of women seeking employment (+ 4.2% in one month) at a drop of inactive (-0.8%) reflecting, presumably, increased intensity in job search. At the same time, the rate of male unemployment has continued to fall, reaching 10.8% in April, a tenth of a point less than the previous month.

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