Latest news with #ISTAT
Yahoo
4 days ago
- Business
- Yahoo
Italy May EU-harmonised CPI decelerates to 1.9% y/y, in line with forecast
ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose 0.1% month-on-month in May and the annual inflation rate decelerated to 1.9%, preliminary figures by official statistics agency ISTAT showed on Friday. A Reuters survey of 21 analysts had pointed to a flat month-on-month reading and a 1.9% year-on-year rise. Core inflation (net of fresh food and energy) was running at 2.1% year-on-year on the HICP index in May, like in April. ISTAT also reported that the main domestic price index (NIC), was flat on the month and down to 1.7% annually in May, following a 1.9% annual rate the previous month. Sign in to access your portfolio
Reuters
4 days ago
- Business
- Reuters
Italy Q1 GDP confirmed at 0.3% q/q but y/y rate revised up
ROME, May 30 (Reuters) - Italy's economy grew 0.3% in the first quarter from the previous three months due mainly to firm investments, national statistics bureau ISTAT said on Friday, confirming a previous printout. On a year-on-year basis, first quarter gross domestic product in the euro zone's third largest economy was up 0.7%, ISTAT said, revising up an estimate of 0.6% made on April 30. The breakdown of GDP components showed a rise in investments that drove domestic demand, while trade flows also made a marginal positive contribution to the quarter-on-quarter growth. Industry and agriculture expanded, while services declined slightly, ISTAT said. The statistics institute revised up to 0.5% from 0.4% so-called "acquired growth," at the end of the first quarter. This indicates what the full-year 2025 growth rate would be if there were to be no quarterly growth over the rest of the year. The Italian government halved its economic growth estimate for this year to 0.6% last month amid mounting uncertainty due to U.S. trade tariff policy. The European Commission cut its forecast for Italian 2025 growth to 0.7% from 1% last week. The Bank of Italy has forecast a growth rate of just 0.5%, while the International Monetary Fund sees 0.4%. Italy posted growth of 0.7% in each of the last two years. The fourth quarter of last year was confirmed to have posted a 0.2% GDP rise quarter-on-quarter, while the year-on-year rate was revised up to 0.6% from a previously reported 0.5%.
The Star
21-05-2025
- Business
- The Star
Just 8% of Italian enterprises using AI, many people lack digital know-how
FILE PHOTO: AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo ROME (Reuters) -In Italy, long burdened by slow economic growth, the number of companies using artificial intelligence is limited compared to other European Union countries, according to figures released on Wednesday by national statistics bureau ISTAT. In its wide-ranging annual report, ISTAT said that only eight out of 100 Italian enterprises were using AI last year, a lower percentage than the figure for France and Spain, and well below the level of almost 20% in Germany. In general, digital know-how in Italy falls short of European targets, ISTAT said. Only 45.8% of Italians aged 16-74 had at least basic digital skills in 2023, according to the latest available data, compared to an EU27 average of 55.5% and European targets aiming for 80% by 2030. The percentage declines to a low of 36.1% in the economically underdeveloped Mezzogiorno - Italy's six southern regions plus the islands of Sicily and Sardinia. Against a challenging economic backdrop, compounded by a deep demographic crisis, a growing number of young educated Italians have decided to try their luck abroad. In 2023, 21,000 graduates aged 25-34 left Italy, a 21.2% year-on-year rise, ISTAT said, adding that the net loss of qualified young workers was 97,000 over 10 years. Prime Minister Giorgia Meloni's government halved its full-year 2025 growth forecast last month to 0.6% from a 1.2% target set in September, amid mounting uncertainty due to U.S. trade tariff policy. In the first quarter the Italian economy grew by 0.3% from the previous three months, based on preliminary data. (Reporting by Antonella Cinelli and Alvise Armellini, editing by Keith Weir)
Yahoo
21-05-2025
- Business
- Yahoo
Just 8% of Italian enterprises using AI, many people lack digital know-how
ROME (Reuters) -In Italy, long burdened by slow economic growth, the number of companies using artificial intelligence is limited compared to other European Union countries, according to figures released on Wednesday by national statistics bureau ISTAT. In its wide-ranging annual report, ISTAT said that only eight out of 100 Italian enterprises were using AI last year, a lower percentage than the figure for France and Spain, and well below the level of almost 20% in Germany. In general, digital know-how in Italy falls short of European targets, ISTAT said. Only 45.8% of Italians aged 16-74 had at least basic digital skills in 2023, according to the latest available data, compared to an EU27 average of 55.5% and European targets aiming for 80% by 2030. The percentage declines to a low of 36.1% in the economically underdeveloped Mezzogiorno - Italy's six southern regions plus the islands of Sicily and Sardinia. Against a challenging economic backdrop, compounded by a deep demographic crisis, a growing number of young educated Italians have decided to try their luck abroad. In 2023, 21,000 graduates aged 25-34 left Italy, a 21.2% year-on-year rise, ISTAT said, adding that the net loss of qualified young workers was 97,000 over 10 years. Prime Minister Giorgia Meloni's government halved its full-year 2025 growth forecast last month to 0.6% from a 1.2% target set in September, amid mounting uncertainty due to U.S. trade tariff policy. In the first quarter the Italian economy grew by 0.3% from the previous three months, based on preliminary data. Sign in to access your portfolio
Reuters
21-05-2025
- Business
- Reuters
Just 8% of Italian enterprises using AI, many people lack digital know-how
ROME, May 21 (Reuters) - In Italy, long burdened by slow economic growth, the number of companies using artificial intelligence is limited compared to other European Union countries, according to figures released on Wednesday by national statistics bureau ISTAT. In its wide-ranging annual report, ISTAT said that only eight out of 100 Italian enterprises were using AI last year, a lower percentage than the figure for France and Spain, and well below the level of almost 20% in Germany. In general, digital know-how in Italy falls short of European targets, ISTAT said. Only 45.8% of Italians aged 16-74 had at least basic digital skills in 2023, according to the latest available data, compared to an EU27 average of 55.5% and European targets aiming for 80% by 2030. The percentage declines to a low of 36.1% in the economically underdeveloped Mezzogiorno - Italy's six southern regions plus the islands of Sicily and Sardinia. Against a challenging economic backdrop, compounded by a deep demographic crisis, a growing number of young educated Italians have decided to try their luck abroad. In 2023, 21,000 graduates aged 25-34 left Italy, a 21.2% year-on-year rise, ISTAT said, adding that the net loss of qualified young workers was 97,000 over 10 years. Prime Minister Giorgia Meloni's government halved its full-year 2025 growth forecast last month to 0.6% from a 1.2% target set in September, amid mounting uncertainty due to U.S. trade tariff policy. In the first quarter the Italian economy grew by 0.3% from the previous three months, based on preliminary data.
