(Tiper Stock Exchange) – Italian GDP, in the fourth quarter of 2022scored a slight negative change resulting from the positive contribution of foreign demand and the negative contribution of domestic demand (net of inventories). That’s what it confirms Monthly note from Istat, according to which it international scenario remains characterized by a high degree of uncertainty and from downside risks and you begin to profile a path of longer return of inflation than initially anticipated.
In January, the seasonally adjusted index of industrial productionafter the strong rise of the previous month, decreased in quarterly terms by 0.7% with conflicting signals among the main industrial groupings. The energy sector recorded substantial stability (+0.1%) while that of consumer goods increased by 0.9%. Intermediate goods recorded a negative change (-0.6%) and the slowdown in the production of capital goods it was especially marked (-2%).
The job market it is confirmed in improvement also in January , with an increase of busy (+459 thousand units) 2% higher than in January 2022, driven by an increase in employees permanent (+3.1%) and self-employed (+0.9%) against a slight drop in fixed-term employees (-1.5%). The number of employees has now exceeded pre-pandemic levels while the independents still remain below the average values of 2019.
In February, based on the preliminary estimate, consumer price inflation continued to slow down. The differential for the harmonized index of consumer prices (IPCA) between Italy and the euro area, while remaining positive, fell further (1.4 percentage points from 2.1 pp in January). There core component dhe index, defined net of energy, food and tobacco prices, showed a trend change equal to 5.6% and equal to that marked by the same index for the euro area average.
The climate of consumer confidenceia February returned to improve while that of companies, after having increased for three consecutive months, stabilized. . The improvement in the consumer index was determined by a positive evolution of opinions on economic situation general, an improvement in expectations on the family economic situation e more favorable evaluations both on theopportunity to make purchases in the current phase and on the possibility of saving in the future.