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Press release

Monthly report on Italian economy - October 2021

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World economy continues to grow despite the increase in energy price that could undermine the production in the coming months.

In the third quarter, the Italian Gross Domestic Product (GDP) increased by 2.6% with respect to the previous quarter. The carry over for 2021 is now 6,1%.

In September, the industrial production increased by 0,1% with respect to the previous month and by 1,0% on average in the third quarter.

In September, the number of employed increased, while a drop was recorded for both
unemployed and inactive people.

In October, the rate of change of the Italian consumer price IPCA was 3,1% on annual basis in acceleration from September. The negative differential with the euro area inflation is now 1,0 percentage point.

The economic recovery is expected to continue in the next months: both consumer and
business confidence are at their maximum values while manufacturing firms pointed out
problems with materials and employment.

Reference period: October 2021

Date of Issue: 10 November 2021



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