Monthly report on the Italian economy no

Recovery in main international economies is proceeding. Short-term indicators have improved further and GDP forecasts have been revised upwards in many countries for this year and the next.

In Italy, manufacturing, driven by exports, and constructions are recovering.

In February, the number of employed persons was substantially stable compared to January, whereas a slight decline was recorded for both the number of persons inactive and unemployed. It is worth to underline that, as from January 2021, Labour Force survey has been carried out following a new European regulation.

In March, the rate of change of Italian consumer price index for the whole nation (NIC) accelerated. Inflation continued to be slower in Italy than in euro area.

Latest data on confidence remained favourable. In March, business climate improved while consumer confidence remained characterised by high uncertainty.