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Press release

Monthly report on Italian economy

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The international economic recovery has continued, sustained by the effectiveness of vaccine campaigns and incomes support policies.

In Italy, in May the industrial production corrected by -1.5% with respect to the previous month after four increases in a row.

The labour market continued to show moderate improvements. In May, the number of employed persons increased, while a slight decline was recorded for both unemployed and inactive people.

According to preliminary estimates, in June the rate of change of the Italian consumer price index for the whole nation (NIC) was +1.3% on annual basis (the same as the previous month). The inflation differential with the euro area, although diminished, remained negative.

The business and consumer confidence in June continued to rise. The remarkable improvement was spread across all components and economic sectors.

Reference period: May-June 2021

Date of Issue: 09 July 2021

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