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Italy's Economic Woes: Industrial Slump, Stagnant GDP
Italy's economy shows mixed signals: industrial production is down, retail sales are up, GDP is stagnant, and consumer/business confidence is low.
Italian
Kosovo
EconomyEuropean UnionLabour MarketItalyRetailGdpIndustrial
Istat
- What was the overall performance of Italy's industrial production in September 2024?
- Italy's industrial production fell by 4% in September 2024, primarily due to declines in transportation and clothing manufacturing. This continues a 20-month contraction trend, signaling economic concerns.
- What was the trend in retail sales in September 2024, and what factors drove this trend?
- Retail sales increased by 1.2% in September 2024, driven by large retailers and online commerce. This contrasts with the industrial downturn, showing a divergence in economic performance.
- How did exports perform in the first eight months of 2024, and which sectors were most affected?
- Exports decreased by 0.6% in the first eight months of 2024, impacting sales to the EU. While some sectors like electronics showed growth, transportation, clothing, and refined petroleum products experienced significant losses.
- How did Italy's GDP perform in the third quarter of 2024 compared to its European partners, and what are the implications?
- Italy's GDP remained stable in Q3 2024, underperforming European partners. This stagnation, coupled with declining employment and consumer confidence, raises concerns about the country's economic outlook.
- What is the current state of inflation in Italy compared to the Eurozone, and how do consumer and business confidence indicators look?
- Inflation in Italy is rising at a slower rate than the Eurozone average, reflecting moderate domestic demand. However, a decline in employment and worsening confidence among families and businesses adds to economic uncertainty.