Eurostat, Italy is recovered slowly from the crisis is the worst among the big EU – The Republic

Rome – Italy is unable to recover the losses of the crisis and put the EU on a par with big industry and labor. According to Eurostat data processed by the Ministry of Economic Development (Mise), to starve is especially youth employment, that the minimum recorded during the crisis recovered 0.9 points (2.7 in Germany, 4.2 in Gb and 1 , 9 in Spain). Well, the climate of confidence.

Arranca industrial production . According to data contained in the “Dashboard cyclical” developed by Mise, the level of the Italian industrial production is still more than 31% lower than the highest pre-crisis and recovered only 3% from the lows hit during the recession. France has recovered 8%, Germany 27.8%, the UK 5.4% and Spain 7.5%.

The comparison is even more unforgiving if you look exclusively to the construction industry: in October of this year Italy was 85 points below the pre-crisis maximum and reached a new absolute minimum since 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.

Employment, worrying data . 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 difficulties than 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.

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, 48.8% in the UK 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.

The Mise optimistic . “The Eurostat figures show that Italy went on a shooting” He put the exact, adding: “They 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 well as the capacity utilization “.