Monthly report on Italian economy no

World merchandise trade volume decreased by 0.9% in July, compared to June when trade growth was 0.7%. The negative momentum can be mainly related to the continuing drop in China’s trade.

In Italy, in August, the industrial production decreased by 0,2% with respect to the previous month with decreases diffuses to all components but instrumental goods.

The number of both employed and unemployed persons slightly decreased in August. Overall, the employment rate dropped to 58.1% and the unemployment rate remained stable at 9.3%.

In September, the rate of change of the Italian consumer price index for the whole nation (NIC) accelerated on annual basis (2.6% from 2.0 in August).

The consumer confidence index rose in September and the improvement was particularly evident in the economic climate, while the business confidence declined moderately for manufacturing but rose for services and particularly for tourism.