Monday, September 22, 2014

Istat: criteria Sec2010 nominal GDP +3.8 2013, unchanged GDP in … – Il Sole 24 Ore

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This article was published on 22 September 2014 at 24:26. ​​
The last change is the 22 September 2014 at 24:36.

nominal GDP in 2013, a rise of 3.8% compared to the figures released in March. It is one of the effects of the new European system of national and regional accounts (Sec 2010) adotttato by Istat in line with EU standards in the field. The rates of change of GDP for recent years have been revisions rather very small. In particular, the rate of change of the GDP volume in 2013 was identical to the one estimated in March 2014 (-1.9%) still calculated on the basis of the criteria Sec 95; that relative to 2012 was revised upwards from -2.4% to -2.3 percent.

deficit-GDP ratio by 0.2 points back in 2013
The deficit-GDP ratio in 2013 calculated using the new statistical method is improved instead of 0.2 points, stopping at 2.8% instead of 3.0% results from previous estimates. In absolute terms, net debt was reduced by approximately $ 2 billion.

In terms of domestic demand, the application of the new criteria to estimate for 2013 has resulted in a fall in the volume of final consumption by 2.3% and 5.4% of the gross fixed capital formation, while the Exports of goods and services saw an increase of 0.6%. Imports fell by 2.7 per cent.

Figures released late, occupy temporary press room
GDP data for 2012 and 2013 revised with the new standards accounting ESA 2010 were released today delayed beyond its scheduled time of the 11 originally planned, due to the agitation of temporary workers who have occupied this morning the press room of the institute. The precarious complain, in a note, the lack of ‘a credible path of dialogue with the Government towards stabilization. “



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