Istat: Italy is trailing the Eu for productivity work – The Sun 24 Hours

In Italy, in the period 1995-2015, the labour productivity has increased at an average annual rate of 0.3%, the synthesis of a growth average of 0.5% of the value added and 0.2% of hours worked. Makes known the Istat, spreading the estimates on the measures of productivity for the period 1995-2015. Between 1995 and 2015 – is still read in the report – the growth of labour productivity in Italy was found to be significantly lower than the Eu average (+1.6%) and the euro area (+1.3 percent). Growth rates in line with the european average were registered for Germany (+1,5%), France (+1.6%) and United Kingdom (+1,5%). For Spain, the rate of growth was lower (+0.6%), as the european average, but higher than Italy .

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Italy the only Country to record a decrease (-0,3%) in 2015
Italy is The only country among the ones here considered to record in 2015, a decrease of labour productivity (by 0.3%). Germany, France and Spain, while marking a slowdown compared to 2014, show the rate of change positive (respectively of +0.9%, +0.6% and +0.5 per cent) while the Uk has a productivity growth relatively strong (+1.2%) and higher than that of 2014.

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total Productivity of the factors in the decline
Between 1995 and 2015, the total factor productivity has declined at an average annual rate of 0.1%. With regard to the recent period continues, the uk’s total factor productivity has registered an increase both in the recession phase (+0,8% on average per annum in the period 2009-2013), both in the years of recovery (+0.7% in 2014 and +0.4% in 2015). This development is attributable to an improvement of the efficiency of production processes and represents an element of discontinuity with respect to the trends recorded in previous periods. The gap of Italy compared to other european economies is particularly wide in terms of the evolution of the value added, grew at a slower pace than in other european countries. The dynamics of hours worked has been very similar, with a limited growth in Italy as in other european economies, only Spain recorded a strong growth of the labour input.

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