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Press release

Monthly report on Italian economy - March 2023

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The international environment is characterised by decelerating inflation and high uncertainty related to the Russia–Ukraine war and tensions in the financial sector.

On the supply side, in February industrial production index, decreased for the second month in a row. In the period December-February, however, the index increased marginally.

Employment stabilised in February with respect to the previous month, synthetizing an increase for men and self-employed workers and a decrease for women and fixed-term employees.

In March, according to preliminary estimates, the Italian harmonised index of consumer prices (HICP) increased by 8.2% on annual basis keeping unchanged the positive differential with euro area inflation.

Perspectives for Italian economy remain positive. In March, the consumer confidence increased further and the business confidence resumed to grow after having stabilised in February.

Reference period: March 2023

Date of Issue: 13 April 2023



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