Government expects positive growth in the second quarter – The Republic

Rome, August 30 – The data on the turnover of the services in the second quarter, released today by ISTAT, and ‘encouraging and promising for the same period of positive economic growth, not zero growth. The sources said the Ministry of Economy explained that the final result of the second quarter GDP in 2016 will be ‘announced by ISTAT Friday’ September 2, at the dissemination of quarterly economic data. Meanwhile, there’s signs of recovery for the trade in the middle ‘year, although consumption still affect too little. Istat noted that in June retail sales recorded an economic growth of 0.2% and an upward trend of 0.8%, reversing the ugly trend in May, where they recorded a -1.3% annual and + 0.3% monthly. Are sales of non-food products in the Lead with a + 1% and + 0.4% trend economic, against -0.1% monthly food. Coldiretti sums up, in his commentary to Istat, the situation: ‘It’s only small food shops to make record a drop in sales’, while ‘to grow significantly are the discount stores, an increase of 1.3%’ and ‘the food retail sales increased by 0.3% compared to last year’. More ‘pessimistic consumer groups. Federconsumatori and Adusbef consider that on June sales ‘a figure still far from reality’. According to our surveys and complaints I receive daily consumption is complete stop ‘. ‘The sales figures confirm once stagnant situation regarding

domestic demand, with values ​​that alternate month after month around zero’, said Giovanni Cobolli Gigli, president of Federdistribuzione. Codacons also sees black and considers ‘the growth of retail sales in June gave a totally inadequate and well below expectations, especially considering that 2016 was to be the year of the re-start of consumption’. The National Consumers Union, admits that the ‘data improved compared with May, but it’ s too early to talk of a turnaround ‘. Food sales in volume – note the associazione- are still firm on an annual basis, while even go down on a monthly basis, both in value and in volume (-0.1%). Hypermarkets still mark a reduction in sales to June 2015 (-0.3%). .

( 30 August 2016 )

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