Monday, October 26, 2020
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June GDP is online

Monthly GDP: positive signs in April

Quarterly national accounts have confirmed the preliminary estimate on GDP growthin 1Q16 (0.3%q/q). House holds consumption shave continued to grow that the same rate of the previous quarter. Gross fixed investments in machinery and equipment have returned to growth. Imports and exports have almost off set the increase in 4T15. The net foreign demand has curbed 0,2pp to growth while domestic demand excluding inventories has provided a positive contribute to 0,2pp. In April, industrial production posted a rise of 0.5%m/m, slightly above the expectations. Favorable signals come from the paper and paper board production and traffic of trucks. The new estimate of GDP foresees an increase of monthly GDP by 0.09% m/m in April and the annual growth rate at 0.8% y/y.

The diffusion of the monthly GDP indicator by CEIS Tor Vergata Economics University Foundation is scheduled on the 16th of each month. Next release is foreseen for Monday the 18th of July.



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