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Reuters
10 hours ago
- Business
- Reuters
Italy's immigration and emigration both soaring, stats agency says
ROME, June 20 (Reuters) - The numbers of Italians leaving their country and of foreigners moving in have soared to the highest in a decade, official data showed on Friday, fuelling national concerns about brain drain, economic decline and immigration. Italy has a right-wing government elected in 2022 on a mandate to curb migrant arrivals, but also has a shrinking population and growing labour shortages, highlighting the need to attract foreign workers. Meanwhile the country's stagnant economy and low wages - salaries are below 1990 levels in inflation-adjusted terms - have been blamed for pushing many Italians to seek better fortunes abroad. Last year 382,071 foreigners moved to Italy, up from 378,372 in 2023 and the highest since 2014, statistics agency Istat said. In the same period, 155,732 Italians emigrated, up from 114,057 in 2023 and also the highest since 2014. The immigration figure beat the previous high for the last decade of 301,000 in 2017, and was well above that period's low of 191,766 from 2020 - the height of the COVID pandemic. The figure of almost 270,000 nationals emigrating in the two-year period from 2023 to 2024 was up around 40% compared to the previous two years. The two-year immigration figure for that period, of around 760,000, was up 31% from 2021-2022. The figures are derived from town registry offices, so are unlikely to reflect undocumented migration. Ukrainians made up the biggest national group among those who arrived in 2023-2024, Istat said, followed by Albanians, Bangladeshis, Moroccans, Romanians, Egyptians, Pakistanis, Argentines and Tunisians. As for the high number of emigrants, "it is more than plausible" that a significant number were "former immigrants" who moved abroad after acquiring Italian citizenship, Istat said. The agency also said Italy's poorer south was continuing to depopulate, noting that almost 1% of residents in Calabria, the region with the lowest per capita income, moved to central or northern areas during 2023-2024.
Straits Times
10 hours ago
- Business
- Straits Times
Italy's immigration and emigration both soaring, stats agency says
ROME - The numbers of Italians leaving their country and of foreigners moving in have soared to the highest in a decade, official data showed on Friday, fuelling national concerns about brain drain, economic decline and immigration. Italy has a right-wing government elected in 2022 on a mandate to curb migrant arrivals, but also has a shrinking population and growing labour shortages, highlighting the need to attract foreign workers. Meanwhile the country's stagnant economy and low wages - salaries are below 1990 levels in inflation-adjusted terms - have been blamed for pushing many Italians to seek better fortunes abroad. Last year 382,071 foreigners moved to Italy, up from 378,372 in 2023 and the highest since 2014, statistics agency Istat said. In the same period, 155,732 Italians emigrated, up from 114,057 in 2023 and also the highest since 2014. The immigration figure beat the previous high for the last decade of 301,000 in 2017, and was well above that period's low of 191,766 from 2020 - the height of the COVID pandemic. The figure of almost 270,000 nationals emigrating in the two-year period from 2023 to 2024 was up around 40% compared to the previous two years. The two-year immigration figure for that period, of around 760,000, was up 31% from 2021-2022. The figures are derived from town registry offices, so are unlikely to reflect undocumented migration. Ukrainians made up the biggest national group among those who arrived in 2023-2024, Istat said, followed by Albanians, Bangladeshis, Moroccans, Romanians, Egyptians, Pakistanis, Argentines and Tunisians. As for the high number of emigrants, "it is more than plausible" that a significant number were "former immigrants" who moved abroad after acquiring Italian citizenship, Istat said. The agency also said Italy's poorer south was continuing to depopulate, noting that almost 1% of residents in Calabria, the region with the lowest per capita income, moved to central or northern areas during 2023-2024. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
Seasonally-adjusted Italian exports up 0.4% YoY in Apr 2025: Istat
Seasonally-adjusted Italian exports decreased by 2.8 per cent month on month (MoM) and increased by 0.4 per cent year on year (YoY) in April this year, according to the official statistics agency Istat. Such imports increased by 0.3 per cent MoM and 5.4 per cent YoY in the month. Such exports declined by 7 per cent MoM and 1.4 per cent YoY for non-European Union (EU) countries, but increased by 1.5 per cent MoM and 2.1 per cent YoY for EU countries. Such imports grew by 1.6 per cent MoM and 11.5 per cent YoY for non-EU countries, while these fell by 0.7 per cent MoM and rose by 0.8 per cent YoY for EU countries. Seasonally-adjusted Italian exports decreased by 2.8 per cent month on month (MoM) and increased by 0.4 per cent YoY in April, official statistics show. Such imports increased by 0.3 per cent MoM and 5.4 per cent YoY in the month. In April, the country's trade balance registered a surplus of €2,482 million. Italian import prices in the month decreased by 1.2 per cent MoM and 1.5 per cent YoY. In April, the country's trade balance registered a surplus of €2,482 million—€162-million surplus for EU countries and €2,320-million surplus for non-EU countries. Excluding energy, the trade balance surplus amounted to €6,730 million, an Istat release said. Italian import prices in the month decreased by 1.2 per cent MoM—a drop of 0.6 per cent for the euro zone and a drop of 1.8 per cent for the non-euro zone. Import prices decreased by 1.5 per cent YoY in the month—a drop of 1.5 per cent for both the euro and the non-euro zones. Fibre2Fashion News Desk (DS)
Fibre2Fashion
10-06-2025
- Business
- Fibre2Fashion
Italy forecasts 0.6% GDP growth in 2025, 0.8% in 2026
Italy's economy is projected to expand by 0.6 per cent in 2025 and 0.8 per cent in 2026, following a cumulative 0.7 per cent rise over the previous two years, according to the latest forecasts. The growth will be entirely fuelled by domestic demand excluding inventories, contributing 0.8 and 0.9 percentage points (pp) respectively, while net foreign demand is expected to drag growth down by 0.2 and 0.1 pp in each year. Forecasts assume a gradual easing of uncertainty surrounding US trade policy in the second half of 2025, though global trade is still likely to face headwinds from tariff impacts, according to the official statistical agency Istat. Private consumption is set to grow steadily by 0.7 per cent in both years, supported by rising wages and employment, though partially offset by an increased propensity to save. Investment growth will accelerate to 1.2 per cent in 2025—up from 0.5 per cent in 2024—because of a strong first quarter, but will likely stagnate in the second half before rebounding to 1.7 per cent in 2026 with the final implementation phase of Italy's National Recovery and Resilience Plan (NRRP). Employment, measured in Full Time Equivalents (FTEs), is expected to rise faster than GDP, increasing by 1.1 per cent in 2025 and 1.2 per cent in 2026. The unemployment rate is projected to fall to 6.0 per cent in 2025 and 5.8 per cent in 2026. Following an inflation spike in late 2024 and early 2025, price growth is anticipated to moderate, with the household spending deflator rising by 1.8 per cent in 2025 and easing to 1.6 per cent in 2026, aided by lower energy costs and weakening demand. Italy's economy is forecast to grow 0.6 per cent in 2025 and 0.8 per cent in 2026, driven by domestic demand, as net exports weigh on growth. Consumption will rise 0.7 per cent yearly, with investment picking up to 1.2 per cent in 2025 and 1.7 per cent in 2026. Employment growth will outpace GDP, while inflation is set to ease to 1.8 per cent in 2025 and 1.6 per cent in 2026, per Istat. Fibre2Fashion News Desk (HU)
Fibre2Fashion
02-06-2025
- Business
- Fibre2Fashion
Italy's May inflation stable MoM, slows yearly: Istat
The Italian consumer price index for the whole nation (NIC) was unchanged in May 2025 compared to the previous month and rose by 1.7 per cent year-on-year (YoY), down from 1.9 per cent in April, according to preliminary estimates. Italy's consumer price index was flat in May 2025 versus April and rose 1.7 per cent year-on-year, down from 1.9 per cent in April, Istat reported. The slowdown was driven by lower energy prices. Core inflation eased to 2.0 per cent. The harmonised index (HICP) rose 0.1 per cent monthly and 1.9 per cent annually, slightly down from April's 2.0 per cent. The slowdown in the all-item index was mainly driven by lower price growth for regulated energy products (from +31.7 per cent to +29.1 per cent) and a deeper decline in non-regulated energy prices (from -3.4 per cent to -4.3 per cent). Conversely, prices for durable goods accelerated (from -1.4 per cent to -0.8 per cent), according to the official statistical agency Istat. Core inflation (excluding energy and unprocessed food) was 2.0 per cent in May, down from 2.1 per cent in April, while inflation excluding energy stood at 2.1 per cent, easing from 2.2 per cent. The annual growth rate for goods was 1.1 per cent (up from 1.0 per cent). Prices of non-regulated energy products fell by 2.1 per cent month-on-month. According to preliminary estimates, the Italian harmonised index of consumer prices (HICP) rose by 0.1 per cent on a monthly basis and by 1.9 per cent year-on-year (YoY) in May, slightly down from 2.0 per cent in April. Fibre2Fashion News Desk (HU)
