– Italy is unable to recover the losses of the crisis and put the EU on a par with big industry and labor. According to data Eurostat reworked by Mise, to starve is especially youth employment, that the minimum recorded during the crisis recovered 0.9 points (compared to 2.7 in Germany, the 4.2 in GB and 1.9 in Spain). Well, the climate of confidence.
Industrial production, -31% from the peak pre crisis – According to data contained in the “Dashboard cyclical” developed by the Ministry of Economic Development, the level of the Italian industrial production is still more than 31% lower than the highest pre-crisis and recovered only 3 % from their lows during the recession. France has recovered 8%, Germany 27.8%, the UK 5.4% and Spain 7.5%.
Construction, a sector that still does not see the light – The comparison is even more unforgiving if you look only to the construction industry: in October of this year Italy was 85 points below the maximum pre-crisis and reached a new absolute minimum by ‘ beginning of the economic crisis. According to Eurostat, all the other big instead have recovered from negative peaks, from 3.4% in France to 32.9% in Spain.
Well the confidence of households and businesses, but unemployment remains high – Italy distances almost all European partners in the confidence of consumers and not bad even in the enterprise, but the labor market in our country back in trouble than the others.
In the third quarter, the unemployment rate fell to 11.5%, but in Germany it was 4.5% and the UK 5.2%. Spain still marked a major 21.6%, but compared to the darkest moments of the crisis Madrid has recovered 4.7 points against 1.6 points in Rome. Special case, that of France: the unemployment rate is lower than Italian, or 10.8%, but it is the worst in 18 years.
Bringing up the rear in Europe for youth employment – Italy is finally bringing up the rear in youth aged 15 to 24 years with a rate of 15.1% against 28% in France, 43.8% in Germany, the 48.8% of the United Kingdom and 17.7% in Spain. Than the lows of the crisis recovery was 0.9 points, against 1.9 in Spain, 2.7 to 4.2% of the Germans in Britain.
But
Mise optimistic – Eurostat data “show that Italy went on a shooting”. The precise the Mise adding: “emerge in fact a number of positive signs of economic recovery, particularly in the confidence of households and businesses, consumption and employment.? Industrial production continues to grow, as does the use the production capacity. ” “The dashboard cyclical prepared by Mise – says the ministry – no reworks but presents data on the Italian economy from various sources, including Eurostat, and clearly shows that Italy has the knack of shooting.
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