Thursday, February 21, 2019
 

Monthly GDP: March 2018

maggio 26th, 2018 by admin in Italian Economics

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GDP growth stabilizes at 0,3% q/q as industrial production rebounds in March

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According to the first official GDP flash estimate t+30 provided by Istat, real GDP growth stabilized at 0.3% q/q in 1Q2018, supported by domestic demand, while net export brought a negative contribution. Industrial production rebounded by 1.2% m/m in March, ending a two-month contraction cycle. The expansion was broad-based and mainly driven by manufacturing sector with the positive contribution of all components: consumption goods (+2.5%), intermediate goods (0.7%), instrumental godds (0.8%) and energy (1.3%). Despite the softness of the latest business surveys, economic activity is expected to stabilize in the following months.
Consistent with this scenario, the revised estimate for real monthly GDP points to a solid growth of 0.17% m/m in March (+1.22% yoy).

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15 May2018

Tor Vergata Group of 20 – May 15, 2018

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on May 15th in Rome at the SNA – National School of Administration, and the topics were:

“War duties and development”

To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Dominick Salvatore, Fordham University; Giampaolo Galli, LUISS School of European Political Economy; Paolo Guerrieri, Sapienza Università di Roma; Pasquale Lucio Scandizzo, Fondazione Economia Tor Vergata.

 

3 May2018

Tor Vergata Group of 20 – May 03, 2018

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on May 03rd in Rome at the SNA – National School of Administration, and the topics were:

“Urban/city system, sustainable transport and urban policies”

To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Giuseppe Roma, RUR – Rete Urbana delle Rappresentanze; Maria Prezioso, University of Rome Tor Vergata; Ivana Paniccia, Italian Transport Regulation Authority; Mauro Annunziato, ENEA.


 

Monthly GDP: February 2018

aprile 19th, 2018 by admin in Italian Economics

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A softer than expected start to the year

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After a weak print of -1.9% m/m in January industrial production continued to slow down in February (0.5% m/m) above expectations. The moderation of economic activity, recorded also in other main European countries, is presumed to be mainly consequence of adverse weather conditions. Infact, the weakness was broad-based across subcomponents, with energy production (8.1% m/m) being the only exception. According to the latest PMI surveys, both manufacturing and services sector suffered a noticeable slowdown in growth during March, with both activity and new orders rising at the weaker rates. Despite this softness, both indicators remain close to their historical highs. The new estimate for monthly real GDP points to a flat m/m profile (0.01% m/m) in February and to an annual growth of +1.35% yoy.

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12 Apr2018

Tor Vergata Group of 20 – April 12, 2018

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on April 12th in Rome at the SNA – National School of Administration, and the topics were:

“Constraints and priorities for Italy. Deficit and public debt vs labour and income”

To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Lorenzo Codogno, London School of Economics and Political Science; Giampaolo Galli, Senior Fellow LUISS SEP; Andrea Boitani, Università Cattolica del Sacro Cuore; Michele Bagella, University of Rome Tor Vergata; Giovanni Tria, University of Rome Tor Vergata; Giovanni Piersanti, University of Teramo; Martino Lo Cascio, Economics Foundation University of Rome Tor Vergata.

 

27 Mar2018

Tor Vergata Group of 20 – March 27, 2018

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on March 27th in Rome at the SNA – National School of Administration, and the topics were:

“Sustainable Development: circular economy, electric mobility, water,
waste and land protection”

To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by  Francesco La Camera, General Director, Italian Ministy for the Environment and the Protection of Natural and Marine Resources; Tullio Fanelli, Vice General Director ENEA; Filomena Maggino, Sapienza University of Rome; Roberto Morabito, ENEA; e Alessandro Ortis, President of States General for Energy efficiency.

 

Monthly GDP: January 2018

marzo 30th, 2018 by admin in Italian Economics

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Trend remains positive despite a dip in January

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Industrial production came in below expectations in January, printing -1.9% m/m, from a very strong +2,1% m/m at the end of 2017. The drop was mainly due to the assessment of the working days during the Christmas holidays, but the index should rebound in February. With effect from this release, Istat revised the index’s methodology, and the new base year 2015 was adopted. The reassessment of the time series led to an upward revision of the annual index for 2016 and 2017 (respectively from 1,2% to 1,4% y/y and from 2.5% to 3.1% y/y), signalling upside risk to real GDP growth’s final estimation for both years. According to the latest PMI surveys, Italy’s manufacturing sector continued to expand at a strong pace during February, underpinned by further notable gains in output, orders and employment. Despite some softness pointed out by Istat business confidence index in March, indicators remain close to historical highs. The new estimate for monthly real GDP foresees an increase of 0.08% m/m in January and the annual growth rate is estimated at +1.54% yoy.

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14 Mar2018

Tor Vergata Group of 20 – March 14, 2018

Workshop

The workshop of Group of 20 “Revitalizing Anaemic Europe” took place on March 14th in Rome at the SNA – National School of Administration, and the topics were:

“Italy and EU cohesion policies: Southern Italy, Mediterranean and Development”


To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by S. E. Hassan Abouyoub, Ambassador of the Kingdom of Morocco; Maria Ludovica Agrò, DG of Agenzia per la Coesione Territoriale; Andrea Del Monaco, expert of EU funds; Adriano Giannola, President SVIMEZ; Giuseppe Buccino Grimaldi, DG for the European Union – Italian Ministry of Foreign Affairs and International Cooperation; Massimo Lo Cicero, “Suor Orsola Benincasa” University; Carmelo Petraglia, Basilicata University; Carlo Trigilia, University of Florence.

 

27 Feb2018

Tor Vergata Group of 20 – February 27, 2018

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on February 27th in Rome at the SNA – National School of Administration, and the topics were:

“The proposals on Eurozone reforms and the document by the
French and German economists”

To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Paolo Guerrieri, Sapienza University of Rome and College of Europe, Bruges; Marcello Minenna, London Graduate School of Mathematical Finance; Rocco Cangelosi, Italian Council of State; Lorenzo Bini Smaghi, Société Génerale and Giuseppe Pennisi, CNEL

 

Monthly GDP: December 2017

febbraio 16th, 2018 by admin in Italian Economics

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Economic activity picked up at year-end

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According to the preliminary unadjusted estimate based on quarterly data, Italy’s real GDP rose by 1.4% in 2017 with respect to the previous year, the highest print since 2010. In the last quarter of 2017, the economy expanded by 0.3% q/q, a bit softer than previous quarter’s and market expectations. The breakdown of GDP growth will only be released on 2nd March, but according to the qualitative decomposition provided by ISTAT, the strongest drivers were domestic and external demand. The new estimate of monthly GDP foresees an increase of 0.22% m/m in December and the annual growth rate is estimated at 1.47% y/y, from 1.56% y/y in November. The Italian economy seems poised to accelerate further this year: industrial production expanded in December by posting strong growth of 1.6% m/m, following an increase in November of 0.2% m/m and coming significantly above consensus. Buoyant January business surveys suggest strong growth momentum is likely to continue in 1Q18: the composite PMIs increased to 59.0 (+2.5 points), the strongest reading since summer 2006..

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