Monthly report on Italian economy

The international framework is characterized by desynchronization of contagion diffusion among economies, which is hampering World trade recovery.

In the second quarter the seasonally and calendar adjusted, chained volume measure of Italian GDP decreased strongly. The industrial production indexes recovered in May and June and in July the business confidence continued to improve.

In May both exports and imports increased.

In June, employment reduced marginally and job searches increased, Households consumption augmented approaching pre crisis levels.

For the third month in a row, headline inflation decelerated due to very low energy prices. Core inflation reached its lowest value since the past one year and a half.

In the focus we present the new seasonally adjusted series of per capita worked hours. The latter provide important additional information on labour market conditions in the short-term.