Monthly report on Italian economy no

Global GDP growth is still softening. Oecd composite leading indicators show that the economic activity will decelerate further in the coming months.

In Q4 2018, the Italian Gdp decreased by 0.1% q-o-q due to the negative contribution of inventories that more than offsets the domestic demand and net exports positive ones. The value added in the services increased while in the industrial sector is still decreasing.

In 2018, full time employment grew by 0.8% (+0.9% in 2017). The positive momentum has continued in January with a slight increase of employment characterized by the permanent positions

In February, inflation increased but the core inflation remained moderate.

Households and firms confidence deteriorated. The leading indicator decreased further confirming that the Italian economy cyclical position is still negative