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Press release

Monthly report on Italian economy

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The international economic recovery has continued although unevenly distributed across advanced and emerging countries. The resurgence of the contagions has increased the uncertainty on the economic outlook.

The Italian economy has been remaining on a recovery path. In the second quarter, GDP increased by 2.7% with respect to the previous quarter, showing a better performance than the other main European countries. The GDP carry-over for 2021 is now 4.8%.

In June, the number of employed persons increased, while a decline was recorded for both unemployed and inactive people.

In July, the rate of change of the Italian consumer price index for the whole nation (NIC) was 1.8% on annual basis. The negative inflation differential with the euro area, increased.

The business and consumer confidence in July continued to rise reaching a new maximum.

Reference period: July 2021

Date of Issue: 06 July 2021

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