“In the absence of a quantification of the possible economic effects of the outcome of the UK referendum, the composite leading indicator Italian economy showed further deceleration, continuing the trend year to date”. So Istat, the monthly note of June, explaining how to continue “the moderate phase of growth of the Italian economy” and the forerunner of the index trend has “marked another descent, presenting a slowdown in the growth pace of economic activity in the short term. “
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thus confirmed the analysis of the” monthly Note “of May in which the Mayor has already used growing “at a moderate pace, characterized by the consolidation of the positive contribution of domestic demand to GDP growth.”
Salt employment, not good signals from
Even in today’s known, Istat noted that “continues the moderate phase of growth of the Italian economy supported by improved production rates in manufacturing activity and the early recovery of the construction industry, in the presence of a recovery in corporate profitability and a increase in employment. ” But at the same time, less favorable signals come from consumption, the confidence of households and services companies. ”
In this framework, “the composite leading indicator Italian economy has marked a further descent, presenting a slowdown in the pace of growth in economic activity in the short term.”
” The composite leading indicator
Italian economy showed further deceleration “monthly Note Istat June 2016
Index of business confidence wavering
in the first quarter performance of companies have “confirmed the improving trend of the previous months’. Compared to the previous quarter, Istat noted that the added value is increased by 1.2%, gross operating profit by 1.5% and 1.0% gross fixed capital formation. But these signals corresponds, however, “modest and heterogeneous development in the confidence indicators in the second quarter indicate that the slight improvement in opinions of the manufacturing and construction in the face of worsening symptoms of enterprises in market services and trade ». That’s because “in the absence of a quantification of the possible economic effects of the outcome of the UK referendum, the composite leading indicator Italian economy showed further deceleration, continuing the trend in the year to date act.”
Index 2005 = 100 (source: Istat)
still weak inflation
to complicate conngiunturale framework is then the fall in consumer prices, which is further accentuated in June. Istat stresses that the expectations of market participants ‘inflation’ does not show very different orientation than in the recent past, confirming prospects of a still weak inflation “. Consequently, “more than half of consumers continues to expect stable consumer prices over the next twelve months, while the producers of consumer goods indications of possible increases in the short term remain very limited.”
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