Istat, signs of recovery from May: better exports and manufacturing

2020-09-08T09:54:08.892Z

  The fall in Italian GDP in the second quarter is associated with extensive signs of recovery that emerged, from May, for industrial production and from June for new orders for manufacturing and for exports, which reported strong increases both towards the EU and extra markets. -EU, involving all the main categories of goods. Istat writes this in the August monthly note on the trend of the Italian economy. Istat also highlights how last month the preliminary estimates on trade flows with non-EU countries indicate "the continuation of the upsurge in sales abroad, while in August the climate of business confidence confirmed the positive signs of which diffusion involves almost all sectors even if with different intensities ". In July, there were also "the first signs of recovery for employment accompanied by an intensification of the recovery in hours worked per capita", while last month "the downward trend in consumer price levels widened, again conditioned by the trend drop in the prices of energy products ". Given the recent trends in productivity and investments in Italy, the Istat note "highlights some critical issues that could be the object of attention in the design of the next measures to revive the economy".