The purchasing power of households in the second quarter of 2016 shall be increased by 1.1%, and 2.9% on an annual basis. A percentage that represents the biggest increase since the second quarter of 2007. Detect the Istat, adding that the disposable income of consumer households increased 1.3% compared to the previous quarter, while consumption increased by 0.2%. As a result, the propensity to save of consumer households increased by 0.9 percentage points compared to the previous quarter, rising to 9.6%.
parameter key
The deficit-to-Gdp ratio, a key indicator for the member States of the european Union, was equal to 0.2% in the second quarter of 2016, an improvement of 0.7 percentage points compared to the same quarter of 2015. Also in this case, it was the best result since the second quarter of 2007, when it was registered a surplus of 2.2%. The primary balance, or borrowing net of interest expense, was positive, with an incidence on Gdp of 4.4% (4.1% in the second quarter of 2015).
Taxes (a little) in the drop-down
According to Istat, the fiscal pressure in the second quarter of 2016 is an improvement: it was equal to 42.3%, marking a reduction of 0.4 percentage points compared to the same period of the previous year.
But the Gdp will beat the step…
The change in acquired of Gdp for 2016 is equal to +0,6%. It refers to the Istat, updating the quarterly economic accounts. It is a slight downward revision, compared to +0,7% communicated at the beginning of last September. In the second quarter of 2016, the gross domestic product (Gdp), expressed in concatenated values with reference year 2010 adjusted for calendar effects and seasonally adjusted remained unchanged compared with the previous quarter and increased by 0.7% in the second quarter of 2015. In the previous prediction over April-June 2016: the uk had detected a growth of Gdp year-on-year by 0.8%.
…exceptions). The tweet of minister Martina
But there are also areas in the trend in the growth. “Agriculture is the sector with the highest increase of value added in the first 6 months of 2016 with +% to 1.8%. Forward in the protection of the farmers”. So the minister for agricultural policy Maurizio Martina on Twitter, commenting on the Istat data on Gdp.
Confesercenti: 130 euros more per family, only 20 in new spending
The data released today by Istat on the propensity to save “confirm our analysis: the italians eat more uncertainties about the future, do the ants and put aside as much as possible. In the second quarter of Italian families have been able to count on $ 3.5 billion of nominal income available in addition, about 130 euro more for each nucleus, but they have spent only 20, and allocating the remaining 110 euro to savings,” says the economic office of Confesercenti.
consumers: too much optimism
“Very optimistic and overestimated the data released today by Istat on the purchasing power of families”: so the associations of the consumers commenting on the data released by Istat. “A parallel reality, one that emerges from these data, that does not find any parallel in the life that the citizens lead, the difficulties faced, in the sacrifices which are forced every day. We would like to remind, in this sense, the reduction in consumption since 2008, with a focus relative to consumption in the most delicate and fundamental, related to diet and health. Just look at this performance to understand the situation of extreme hardship in which the majority of families. And just look at the data on unemployment in order to understand how the incomes of the families do not accennino to recover”.
The glass half full and half empty
the increase in The purchasing power of households is “very positive”, even if “it is mainly due to deflation”. So the secretary of the National Union of Consumers, Massimiliano Dona, in a note. For Unc this is “a confirmation of the fact that the lowering of prices has positive effects for those who goes shopping every day, and that, therefore, should not be demonized. If anything, we should remove the causes of deflation, i.e. the domestic demand asphyxiated”. However, he adds, in the second quarter of 2016 the national final consumption are still compared to the first quarter of 2016, while the expenditure of resident households rises only 0.1%”. For Gives is “a serious matter, if we consider that the expenditure of households represents 60% of Gdp.”
October 3, 2016 (modified on 3 October 2016 | 14:42)
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