Italy’s Economic outlook 2024-2025

GDP is expected to increase by 0.5% in 2024 and by 0.8% in 2025

Industrial and Construction producer prices – October 2024

Industrial producer price index +0.7% over September and -2.8% y-o-y; construction of buildings unchanged over September; -1.5% y-o-y

Industrial and Construction producer prices – September 2024

Industrial producer price index -0.6% over August and -2.0% y-o-y; construction of buildings -0.2% over August; -1.3% y-o-y

Preliminary estimate of GDP – Q3 2024

In Q3 2024 GDP was stable with respect to the previous quarter and increased by 0.4% y/o/y

Contractual wages and salaries – Q3 2024

In September 2024 contractual hourly wages +0.2% over August and +3.7% y-o-y

Consumer and business confidence – October 2024

In October the Consumer confidence climate index from 98.3 to 97.4; the business confidence climate index from 95.6. to 93.4

Notification of general government deficit and debt according to the excessive deficit procedure – Years 2020-2023

In 2023 the government deficit to GDP ratio was -7.2%

Non-observed economy in national accounts – Years 2019-2022

In 2022 the non-observed economy (underground and illegal activities) is worth 201.6 billion euro, equal to 10.1% of GDP

Living conditions and household income – Year 2023

In 2023 22.8% of the population is at risk of poverty or social exclusion (24.4% in 2022)

Structural business statistics: enterprises and enterprise groups – Year 2022

In 2022, enterprises generate value added in nominal value of just over 1 trillion, up 11.3% year-on-year