“The most recent data on the Italian economy and to outline a scenario of a persistent weakness of the levels of economic activity.” Detect the Istat, in the note, the monthly, September. The so-called composite index is a precursor of the economy “marks in the last month, the eighth negative change in the consecutive”, suggesting “in the coming months a continuation of the phase of weakness”.
The Gdp is stationary
The mayor has also confirmed that in the second quarter of 2016, the growth was equal to zero. The revision of the national accounts confirmed the zero change of the Gdp, corrected for calendar effects and seasonally adjusted, compared to the previous quarter.
unemployment 11.4%
In August the monthly data of the labour force registered a slight increase of employees (+0,1% compared to July, +13 thousand people), after the contraction recorded in July (by 0.3%, -66 thousand individuals). The unemployment rate amounted to 11.4 percent.
But the ” made in Italy improves
Some positive note, however, there is: in Italy, stresses the Istat, “the manufacturing sector has shown slight improvements, while families have increased their savings. Consumer prices have been rising after seven months. In addition, the revision of the Gdp for the second quarter has led to correct to the upside in the short-term change of gross fixed capital formation, was equal to +0,2% (-0,3% in the previous estimate).
Consumer who
However, it adds to the statistical Institute, “in September, the consumer confidence marked the second consecutive decline. And if, it always reads in the note, “the expectations of the firms are found to be in improvement” does not go far beyond the “level of last June.” All this in an international framework where it highlights the Istat, “continues the deceleration of world trade and slowdown of economic activity in the euro area”.
October 5, 2016 (change to October 5, 2016 | 10:41)
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