The global economic outlook remains positive for 2025, with a narrowing of growth differentials between the U.S. and the euro area. However, significant uncertainty persists, driven by ongoing geopolitical tensions and expectations regarding the direction of U.S. trade policy.<\/p>\n\n\n\n
In Italy, the industrial production index in November showed the second consecutive month-on-month increase, slightly accelerating compared to October. Growth affected all significant sectors except capital goods. The quarterly moving average trend of the index remains negative.<\/p>\n\n\n\n
In the first ten months of 2024, export values showed a slight decline due to a reduction in export volumes that outweighed the increase in average unit values. The trade balance improved significantly during the same period, exceeding 45 billion euros.<\/p>\n\n\n\n
In November, compared to October, the number of employed and unemployed individuals decreased, while inactive individuals increased. Italy\u2019s unemployment rate (5.7%) was lower than that of the euro area (6.3%).<\/p>\n\n\n\n
The decline in employment reflects mixed trends: a reduction in men, temporary employees, and individuals aged 15-34, while women, permanent employees, and those aged 35 and older increased. Compared to the previous quarter, there was a 0.2% rise in employment (+49,000 units).<\/p>\n\n\n\n
Inflation in Italy remains below the euro area average. In December, the Harmonized Index of Consumer Prices (HICP) increased by 1.4% year-over-year. The annual average rate dropped significantly to 1.0% compared to 5.7% in 2023.<\/p>\n\n\n\n
In the third quarter of 2024, the recovery in household purchasing power continued, albeit at a more moderate pace (+0.4%, compared to +1.1% in the second quarter). The growth in final consumption was more dynamic, supported by a decline in the saving propensity.<\/p>\n\n\n\n
Consumer confidence worsened for the third consecutive month in December, while business confidence rebounded after two straight declines driven by the market services sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
The note on Italian economy for the months of November and December 2024 now online<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3233,3511,3470,3228,3256,3495,3468,3283],"regione":[],"tema":[4067,4071,4065,4039],"class_list":["post-85020","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-confidence","tag-economy","tag-forecasts","tag-gdp","tag-inflation","tag-labour","tag-price","tag-production","tema-industry-and-construction","tema-labour","tema-national-accounts","tema-prices"],"meta_fields":{"data_pubblicazione":"","descrizioneperiodo":"","titolobreve":"","news":"","news_rss":"","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3233,"label":"confidence","slug":"confidence"},{"id":3511,"label":"economy","slug":"economy"},{"id":3470,"label":"forecasts","slug":"forecasts"},{"id":3228,"label":"GDP","slug":"gdp"},{"id":3256,"label":"inflation","slug":"inflation"},{"id":3495,"label":"labour","slug":"labour"},{"id":3468,"label":"price","slug":"price"},{"id":3283,"label":"production","slug":"production"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/85020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=85020"}],"version-history":[{"count":6,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/85020\/revisions"}],"predecessor-version":[{"id":85191,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/85020\/revisions\/85191"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=85020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=85020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=85020"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=85020"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=85020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}