Friday, September 23, 2016

Gdp: Istat revises growth in 2015, from +0.8% to +0.7% – ANSA.it

The Italian Gdp in 2015 rose by 0.7%. Makes known the Istat, which has revised downwards the preliminary estimate made in march, a growth of 0.8%.

In 2015, calculate again according to Istat, gross fixed investment rose by 1.3% (with increases of 18.2% transportation, 2.1% of the machinery and equipment, and 0.3% of the products of intellectual property, and a decrease of 0.4% of the investments in the construction). The final consumption expenditure national are increased by 1.0% (+1.5% for the expenditure of resident households, 0.6% of the government expenditure), exports of goods and services of 4.3% and imports by 6.0%. The value added, at constant prices, increased by 3.7% in agriculture, forestry and fishing, 1.3% in industry in the strict sense, and of 0.4% in the services sector. In construction you are registered, instead, a decrease of 1.2%. For the set of non-financial corporations, the share of profit is equal to 41% and the investment rate to 19.3%. The available income of families has scored a growth of 0.9% both in nominal value, both in terms of purchasing power. Since private consumption rose by 1.5%, the savings ratio of households decreased to 8.3% (from 8.9% in 2014).

deficit/Gdp in 2015 stood at 2.6% (against 3% in 2014). Makes known the Istat, confirming, in spite of the revision of the Gdp – the preliminary estimates for march.

The public debt the Italian was in 2015 132,2% of Gdp (from eur 131.8% in 2014). As certified by Istat on the basis of the data of the Bank of Italy. The latest estimates of the 21 April last, showed a relationship to the 132,7%.

In 2015, the primary balance Italian (i.e. the net borrowing less interest expenditure) was equal to 1.5% of Gdp.

In 2015, tax – to-Gdp ratio amounted to 43.4%, unchanged compared to 2014. Makes known the Istat, correcting, in the last national economic accounts, estimates of April last, amounting to 43,5% for 2015 and to 43.6% for the year 2014.

2014 the Italian Gdp increased 0.1%, with an upward revision of 0.4 percentage points compared to a decrease of 0.3 percentage points estimated in march.

The growth rates have been revised upwards by 0.4 percentage points for gross fixed investments by 1.7 percentage points to the expense of the Isp (non-profit institutions at the service of the families) and of 0.1 percentage points for imports. Adjustments downward of 0.2 percentage points instead, they related both to exports is the spending by households. Istat noted in particular that the revision of the level of stocks, bullish for the year 2014 and to be down for the next one, it has induced a significant change in the contribution of this aggregate to the variation of the Gdp; in terms of volume, the contribution is positive for 0.6 of a percentage point in 2014 (it was previously null) and 0.1 points in 2015 (compared with +0.5 points in the estimate of last march). Also from the side of the value-added sector, for the year 2014 is dominated by the revisions to the upside. In the sector of industry recorded a review-positive, up 0.6 percentage points in the rate of growth of value added of manufacturing activities and negative for 1 percentage point of the construction. In the tertiary sector, which recorded an upward revision amounting to 0.5 percentage points, the most extensive revisions to the high regard the professional, scientific, technical and administrative provisions (+1.3 percentage points), the services of information and communication (+1.2 points), and the activities financial and insurance (+1.2 points), while only the real estate business, the adjustment is downward (down 0.7 percentage points).

Breeds, carried out at the end of 2014,out of the crisis with others – The upward revision of the Gdp for 2014 “anticipates the turning point”. Thus, the president of Istat, Giorgio Alleva, who remembers how the ‘timing’ of the exit from the crisis, Italy had been “a discussion item: first others, then us. Now, however, the revision makes a more coherent our framework with the european one”. On the strong correction to the upside in 2014, Rears, explains, “as is bearing the fruits of it” the direct detection on 4.5 million companies. “I’m glad that information is so rich allows you to make improvements,” says Alleva.

Mef, the recovery coincides with the government,the right direction – “The first year of recovery coincides with the establishment of this government, this encourages us to continue in the direction that the executive has taken”. A spokesman for the ministry of finance says the figures from Istat on the Gdp and the revision in the positive 2014. “The economy must be discussed with less emotion. The revision 2014 is one understand that the policies in support of the application implemented by the government have had an impact already in the first year. The intensity of the recovery is not satisfactory, but the growth is back already for three years.”

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