Monthly report on Italian economy no

Signals of economic growth deceleration and higher and more diffused inflation across countries and sectors characterise the current international framework.

In the second quarter, the Italian GDP increased by 1% with respect to the previous quarter. The GDP carry-over for 2022 is now 3.4%.

In June, the industrial production index decreased for the second time in a row by 2.1% compared with the previous month.

Driven by the buoyant economic activity, in June, the number of employed persons increased, while unemployed and inactive people decreased. The unemployment rate remained stable at 8.1%.

According to preliminary estimates, in July the rate of change of the Italian consumer price index for the whole nation (NIC) was 7.9% on annual basis (from +8.0% in June).

Surveys results are mixed with an increase in the confidence in constructions and a worsening in manufacturing sector and among consumers.