After accelerating sharply in the
second-quarter, the Italian economy may slow down in the coming
months, ISTAT said on Friday.
The national statistics agency cited possible drops in
manufacturing activity and consumer confidence, high inflation
and an increase in Italy's trade deficit as downside risks in
its monthly report on the economic outlook.
"Signals of economic growth deceleration and higher and more
diffused inflation across countries and sectors characterise the
current international framework," ISTAT said.
"In the second quarter, the Italian GDP increased by 1% with
respect to the previous quarter.
"The GDP carry-over for 2022 is now 3.4%.
"In June, the industrial production index decreased for the
second time in a row by 2.1% compared with the previous month.
"Driven by the buoyant economic activity, in June, the number of
employed persons increased, while unemployed and inactive people
decreased.
"The unemployment rate remained stable at 8.1%.
"According to preliminary estimates, in July the rate of change
of the Italian consumer price index for the whole nation (NIC)
was 7.9% on annual basis (from +8.0% in June).
"Surveys results are mixed with an increase in the confidence in
constructions and a worsening in manufacturing sector and among
consumers".
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