Wednesday, May 13, 2015

GDP: Italy returned to growth, the first quarter + 0.3%. And ‘outside … – ANSA.it

Italy out of recession. In the first quarter of 2015, GDP began to grow, with an increase of 0.3% compared to the last quarter of 2014. This was announced by ISTAT in the preliminary estimates, on an annual basis instead of calculating a change anything. The results are better than expected by analysts.

IN GERMANY the GDP grows less than expected, above expectations FRANCE

The data released today by ISTAT is seasonally adjusted and corrected for the effects of calendar. The first quarter of 2015 has indeed had one working day less than the previous quarter and the same number of working days compared to the first quarter of 2014. The economic growth, noted the Institute of Statistics, is the synthesis of an increase in the value added in the sectors of agriculture and industry and a substantial stability in services. On the demand side, the Istat recorded a positive contribution to the national component (gross inventories) increased the contribution of the negative net exports.

The GDP growth in the first quarter of the year , or + 0.3%, is the highest since the beginning of 2011. This derives from the tables published by Istat. To find a more significant fact must go back to the first quarter of four years ago, when the GDP grew by 0.4%. The change
acquired in GDP for 2015, that is what you would get in the presence of a short-term change anything in the remaining quarters of the year, amounted to + 0.2%. This was communicated by Istat on the basis of preliminary estimates for the first quarter.

GDP: consumer, too little to ignite enthusiasm -” Just a little, too little, to turn the enthusiasm. ” I say in a note commenting Adusbef and Federconsumatori data on GDP. According to the associations, “we can not yet announce the escape from the crisis, even more so if you look at the financial performance as a whole. Unemployment is still at very high levels, the purchasing power of households is at its lowest terms, and consumption will suffer significantly: in fact, the last three years have marked a decline of 10.7%, equal to a 78 billion less spending by households. These data – end – return an alarming picture, still far from announced resumption, so irresponsible and premature, as many “.

Coldiretti, driven by + 6% export record in the US + 40% – ” A push GDP It was certainly a leap of 6.1% in the first quarter of 2015 Italian exports to non-EU countries, with a record figure of 40% in the US helped by favorable exchange rate ”. And ‘Coldiretti on Istat data. Positive signs of recovery on domestic consumption with retail sales increasing by 0.7% in the first two months with twice the rate of 1.4% in the food sector, the second item of the budget after the family home. An effect which is struggling to move the agricultural sector, Coldiretti concludes, however, that the trend reverses and the first quarter showed an increase in GDP, after declining by 1.3% clocked in 2014 over the previous year.

Eurostat, + 0.4% in the first quarter Eurozone – GDP up by 0.4% in the first quarter of 2015 in the Eurozone, accelerating after + 0.3% the fourth quarter of 2014, + 0.2% in the third and 0.1% in the second. + 0.3% for Italy and Germany, + 0.6% for France and + 0.9% for Spain. Down for the second consecutive quarter the GDP in Greece (-0.2% after -0.4% in the fourth quarter of 2014).

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