Confcommercio, in September the social hardship index remained stable at 15.4

Decline in business loans Confcommercio Italy last in the Eurozone

(Finance) – The MIC – Misery Index Confcommercio Of September 2023 he attested to 15.4, unchanged compared to August. The stabilization recorded in the last month is the synthesis of a modest slowdown in inflation for goods and services with a high frequency of purchase and a limited increase in unemployment extended. The data on unemployment – ​​underlines Confcommercio – must be evaluated with extreme caution in consideration of the evolution of the various components: on the one hand, there is a more active participation of the population in the job marketon the other hand, there is an increase in requests for workers’ income support (CIG and FIS) by companies.

Analyzing the evidence emerging from the continuous survey on the workforce, in September there was an increase in employed people of 42 thousand units compared to the previous month and of 35 thousand units of people looking for work. Work. The data on unemployed it seems to mainly reflect the entry into the job market of some of the discouraged: the inactive have, in fact, decreased by 92 thousand units over the month. These dynamics brought the official unemployment rate to 7.4% (7.3% in August).

In the same month the authorized hours Of IGC they were just over 37.2 million, to which are added almost 569 thousand hours for allowances paid by solidarity funds. In terms of CIG hours e FIS actually used, seasonally adjusted and returned to Ula, it is estimated that this corresponds to just under 96 thousand standard work units. The combination of these dynamics led to an increase in the extended unemployment rate which rose to 8.4%.

In September 2023 i prices of goods and services with a high purchasing frequency showed a change on an annual basis of 6.6%, a slight decrease compared to August. This return process should have shown an acceleration in October. According to initial estimates, the variation of the prices of goods and services with high purchasing frequency stood at 5.6% on an annual basis. The slowdown, smaller than that recorded by the overall data, does not currently appear sufficient to bring about the request on a more favorable path.

There trust to families depends, in fact, on the perception of the variation in the prices of goods and services purchased in high frequency, a dynamic that is still high, albeit decelerating. At the same time, the signs of difficulty emerging in some sectors in maintaining the levels employment make it difficult to imagine a rapid return to the area of ​​social hardship.

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