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Press release

Monthly report on Italian economy - January 2022

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Over the last months, the World economy recovery is decelerating while inflation is accelerating in most of the countries.

In the fourth quarter 2021, the Italian Gross Domestic Product increased by 0.6% with respect to the previous quarter. The carry-over for 2022 is 2.4%.

In December, labour market stabilised and the number of both employed and inactive people were substantially unchanged, while a drop was recorded for unemployed persons.

According to preliminary estimates, in January the harmonised index of consumer prices (HICP) increased by 5.3% on annual basis. The differential with euro area inflation has turned positive.

In January, the consumer confidence index decreased and the deterioration in confidence was remarkable in the service sector while in the construction sector confidence remained elevated.

These results suggest that economic activity might decelerate in the coming months.

Reference period: January 2022

Date of Issue: 09 February 2022



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