Debt / GDP ratio still growing: in the first quarter of 2016 to 135.4% – BBC

the debt / GDP of Italy returned to growth in the first quarter of 2016, reaching 135.4%, and marks one of the largest increases, up 2.7%, among the EU countries with respect the last three months of 2015, when it was at 132.7%. This was communicated by Eurostat. Compared to the first quarter of 2015, however, the value did not change. The Italian debt is confirmed then the second highest among the 28 after Greece, at 176.3%, amounting in absolute terms to 2,228,741,000 euro.

The deficit / GDP ratio of the eurozone in the first quarter of 2016 fell to 1.6% instead of 2.3% last quarter of 2015. This was communicated by Eurostat. In the 28 it fell to 1.8% from 2.3%. Government revenues in the first three months of the year in 19 amounted to 46.3% of GDP, down from 46.7% the previous three, in 28 to 44.9% against 45.3%. Public spending has fallen in the euro instead of 48% of GDP from 48.9%, in the EU as a whole to 46.8% from 47.6%. The individual data of many countries, including Italy, are not available.

Meanwhile increase in May retail sales, which recorded an economic growth of 0.3% in value and 0.2 % by volume. This was communicated by Istat, specifying that sales of food products increased by 0.3% in value and 0.1% by volume; those of non-food grew by 0.3% both in value and in volume. Compared to May 2015, total sales decreased both in value (-1.3%) and in volume (-1.8%). The drop more ‘supported is detected for food products: -1.8% in value and 2.0% by volume. On average for the quarter March to May 2016, the overall index of retail sales value recorded an economic decline of 0.3%. The index volume decreased by 0.4% from the previous quarter.

Finally salt 3.462 billion surplus the Italian trade balance with countries outside the EU in June, well above that of the same month of 2015 (2.052 billion). Istat said that compared to the previous month, exports show a slight increase (+ 0.3%) while imports were down 0.5%. The slight economic increase in sales to non-EU countries can be attributed to capital goods (+ 2.9%, in the presence of significant sales of maritime navigation aids) and, to a lesser degree, energy (+ 11.5%) . Sales of intermediate goods (-3.5%) and non-durable consumer goods (-1.0%) were down.

July 22, 2016 (amendment July 22, 2016 | 12:32)

© ALL RIGHTS RESERVED