Latest news with #ISTAT
The Star
6 days ago
- Business
- The Star
Italy's inflation decreases to 1.6 pct in May
ROME, June 16 (Xinhua) -- Italy's annual inflation rate stood at 1.6 percent in May, lower than 1.9 percent in both March and April, according to data released Monday by the National Statistics Institute (ISTAT). The agency reported that the country's core inflation rate, which excludes energy costs and fresh food prices, fell to 1.9 percent in May, down from 2.1 percent in April. ISTAT said the slowing growth of energy prices, although still mostly higher than a year earlier, was a key factor behind the decline in May's overall inflation rate. Inflation in both Italy and the broader eurozone has fallen sharply from the record highs of 2022 and early 2023, which were driven by soaring energy prices following the outbreak of the Russia-Ukraine conflict.
Reuters
10-06-2025
- Business
- Reuters
Italy industry output rises in April as long slump eases
ROME, June 10 (Reuters) - Italian industrial output rose unexpectedly in April from the month before, data showed on Tuesday, and increased from the year before for the first time after 26 declines in a sign of recovery for the long-struggling manufacturing sector. Industrial output in the euro zone's third-largest economy rose 1.0% in April from March, national institute ISTAT reported, versus a forecast of a 0.2% drop in a Reuters survey of 16 analysts. On a work day-adjusted year-on-year basis, industrial output was up by 0.3% versus a forecast for a 1.4% decline. April's month-on-month gain extended to all industrial sectors with the exception of energy, ISTAT said. In a sign of progressive stabilisation, in the three months to April output was up 0.4% from the November-January period. The statistics bureau said last week Italy's economy would grow by 0.6% this year amid mounting uncertainty over the impact of U.S. President Donald Trump's trade tariff policy, trimming a previous forecast of 0.8% made in December. Nonetheless, Tuesday's figures signal a firm start to the second quarter after ISTAT last month revised up gross domestic product data for the first three months, providing a better platform for the year as a whole. Italy's manufacturing sector also showed tentative signs of stabilisation in May, when output rose slightly for the first time in over a year despite continued weakness in new orders, a survey showed this month. Prime Minister Giorgia Meloni's government in April halved its economic growth estimate for 2025 to 0.6%, broadly in line with the expectations of most analysts.
Bloomberg
06-06-2025
- Business
- Bloomberg
Italy's Economy Still Seen Growing 0.6% Amid Consumer Demand
Italy's statistics institute issued a growth forecast for 2025 matching that of the government two months ago, suggesting it sees the economy holding up against a backdrop of global trade tensions. Gross domestic product will rise 0.6% this year and then 0.8% in 2026, according to a report by ISTAT in Rome published on Friday. That chimes with the outlook from Prime Minister Giorgia Meloni's government, which halved its prediction for growth in projections released in early April.
Reuters
06-06-2025
- Business
- Reuters
Italy stats bureau cuts 2025 GDP growth estimate, in line with government
ROME, June 6 (Reuters) - Italy's economy will grow by 0.6% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December amid mounting uncertainty over the impact of U.S. President Donald Trump's tariff policy. In its twice-yearly economic outlook report, ISTAT also predicted that gross domestic product (GDP) in the euro zone's third-largest economy would increase by 0.8% in 2026. ISTAT said growth this year and next will be supported entirely by domestic demand, whereas trade flows will have a negative impact in both years. Prime Minister Giorgia Meloni's government in April halved its economic growth estimate for this year to 0.6%, after the economy expanded by 0.7% in each of the last two years. Most analysts put this year's annual growth at between 0.4% and 0.7%. In 2026, Rome sees GDP growth of 0.8%, down from the previous 1.1% target. Despite Italy's weakening economy, its labour market has held up relatively well. Data this week showed the unemployment rate falling to 5.9% in April from 6.1% in the previous month. ISTAT estimated an average jobless rate of 6.0% this year, down from 6.2% seen in December, and forecast a fall to 5.8% next year.
Time of India
04-06-2025
- Business
- Time of India
Italy Unemployment Rate: Italy April unemployment falls to 5.9%, with firm job growth in last 3 months, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App ROME: Italy's jobless rate fell to 5.9% in April from 6.1% in March, national statistics bureau ISTAT reported on Tuesday, with a stable number of people employed during the month and an increase in those leaving the labour market.A Reuters survey of seven analysts had forecast an April jobless rate of 6.1%.The youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 19.2% in April from 20.4% in March, revised from an originally reported 19.0%.In the February-to-April period, total employment in the euro zone's third largest economy was up by 96,000, or 0.4%, compared with the previous three months, ISTAT April, the number of people in work was up by 282,000 or 1.2%, compared with April positively, in April the number of so-called "inactive" people neither working nor looking for work, increased by 39,000, or 0.3% from the month before, with the inactivity rate rising marginally to 33.2%.The employment rate, one of the lowest in the euro zone, slipped marginally to 62.7% from 62.8% the month long-running increase in employment has come against a backdrop of a near-stagnant economy and stagnant gross domestic product grew by just 0.7% in each of the last two years, and the government forecasts 0.6% growth this year.(Reporting by Antonella Cinelli, editing by Gavin Jones)
