Istat confirmed the end of the recession: GDP to grow back after 4 … – The Messenger

Italy is out of the recession in the first quarter of 2015, GDP began to grow, with an increase of 0.3% compared to the last quarter of 2014. The notes Istat, confirming estimates given the economic situation. This is the biggest increase for four years.

The level of GDP is still, explain the technical Istat, “around the levels of early 2000 ‘. As for the growth in GDP for 2015 gained, that you would get that in the presence of a short-term change anything in the remaining quarters of the year, it was 0.2%. Compared to the previous quarter, the Institute continues, “the main aggregates of domestic demand trends show dissimilar, with the national final consumption slightly down (-0.1%) and gross fixed investment growing by 1.5%» .

In terms of foreign trade, he adds, “imports increased (1.4%) and exports stagnated.” In detail, “domestic demand excluding inventories made a positive contribution to GDP growth by 0.2 percentage points (+0.3 points gross fixed capital formation, household consumption -0.1 and Social Institutions and Private zero contribution of the expenditure of the Public Administration). Changes in inventories gave – he said – a positive contribution of 0.5 percentage points. By contrast, the contribution of net exports was negative by 0.4 points. “

In the first quarter of 2015 the gross domestic product rose 0.1% on an annual basis. This was communicated by Istat revising upwards the figure previously estimated trend (no change). It is the first sign more in trend terms after 13 quarters.

Stop deflation. In May, the annual price index dates back to +0, 2% from -0.1% in April. The notes Istat in the preliminary estimates. The plus comes after four consecutive months of negative values, in other words is the first positive rate since the beginning of 2015.

The so-called “shopping basket” is still on values ​​higher than the general price level, confirming also in May, up 0.8% on an annual basis (as in April and March). Detects ISTAT, referring to the price of food, care of the house and of the person.