“The leading indicator of economic activity recorded a recovery, outlining a positive outlook on the pace of growth of the economy in the coming months.” This is reported by Istat in the short-term prospects contained in the Note, the December monthly on the performance of the Italian economy. “In the manufacturing industry – explains: the uk has recorded an increase in orders in October (+0.9% compared to the previous month) both an improvement in confidence in December. Consumers showed an improvement in confidence in the month of December.”
The international framework
in general – according to Istat – looking at the macroeconomic framework international, continues the growth of the u.s. economy in the presence of a reduction of international trade and a rise in oil prices. While in the euro area, the increase of the pace of production continues on the tones moderate, in Italy you consolidate the positive signs: the increase in orders in the manufacturing sector is associated with the widespread improvement of the consumer reviews. The leading indicator back to positive by outlining the continuation of the current expansionary phase.
Istat, in November, prices, production – 0,1%, – 03% 2015
positive Trend in manufacturing, salt trust companies
with regard To the situation for Italian companies, in October the industrial production net of construction has marked a zero change compared to the previous month, while the trend of the turnover of the industry confirms the positive evolution of the manufacturing sector: the increase recorded in October (+0,8%) is accompanied by the positive variation of the quarter August-October compared to the previous three months (+2,3%, +2.1% for domestic turnover and +2.6% for the foreign one). In December there was an improvement in the business confidence of the manufacturing driven by reviews on orders and expectations on the production. Negative signals came from the construction sector.
After the strong decline recorded in September, in October the index of the seasonally adjusted production in construction recorded a further decrease (by 0.9%). The prospects for the sector remain uncertain. In December decreased the business confidence with a deterioration in both of the reviews on orders and expectations on employment.
foreign Trade
The data on foreign trade “show conflicting signals,” warns Istat. In October, recorded a positive change of imports compared to the previous month (+2.7%), and a stationarity for exports. In November, the trade flows with non-Eu countries, are results in the improvement, with the increase more marked for exports (+3.4%) and lower for imports (+1.4 percent). Sales to countries outside the Eu have marked, compared to the previous month, a marked increase in the energy (+21.1 percent) and capital goods (+4.7 percent).
higher pay in the Lombardy region, the lowest in Basilicata, Apulia and Calabria
With 15.7 euro Lombardy has the hourly wage the highest, while Basilicata, Puglia, and Calabria are the regions with the hourly wages are lower. Detect the Istat, in the note on pay differentials in the private sector relating to 2014, explaining that the average gross wage or salary hourly was equal to 14.1 euros in 2014. The 10% of the jobs with hourly pay is higher, too (the ninth decile of the distribution) perceive at least 12,7 euro more for each hour paid compared to 10% of the positions with hourly wage low (first decile).
Among the sectors of economic activity, the hourly salary average highest is detected in the sector of Activity financial and insurance activities (by 25.4 euro), while the lowest, equal to 9.8 euro, reported in the sector Other service activities.
The pay differential between women and men is negative and equal to 12.2%: the disadvantage of women increases with the growth of hourly wages both at the local level and sectoral.
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