Latest news with #Istat
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
Italy's May inflation stable MoM, slows yearly: Istat
The Italian consumer price index for the whole nation (NIC) was unchanged in May 2025 compared to the previous month and rose by 1.7 per cent year-on-year (YoY), down from 1.9 per cent in April, according to preliminary estimates. Italy's consumer price index was flat in May 2025 versus April and rose 1.7 per cent year-on-year, down from 1.9 per cent in April, Istat reported. The slowdown was driven by lower energy prices. Core inflation eased to 2.0 per cent. The harmonised index (HICP) rose 0.1 per cent monthly and 1.9 per cent annually, slightly down from April's 2.0 per cent. The slowdown in the all-item index was mainly driven by lower price growth for regulated energy products (from +31.7 per cent to +29.1 per cent) and a deeper decline in non-regulated energy prices (from -3.4 per cent to -4.3 per cent). Conversely, prices for durable goods accelerated (from -1.4 per cent to -0.8 per cent), according to the official statistical agency Istat. Core inflation (excluding energy and unprocessed food) was 2.0 per cent in May, down from 2.1 per cent in April, while inflation excluding energy stood at 2.1 per cent, easing from 2.2 per cent. The annual growth rate for goods was 1.1 per cent (up from 1.0 per cent). Prices of non-regulated energy products fell by 2.1 per cent month-on-month. According to preliminary estimates, the Italian harmonised index of consumer prices (HICP) rose by 0.1 per cent on a monthly basis and by 1.9 per cent year-on-year (YoY) in May, slightly down from 2.0 per cent in April. Fibre2Fashion News Desk (HU)
Times
22-05-2025
- Business
- Times
Young Italians shun Meloni's plan to boost economy and head abroad
As Italy fights to reverse its dipping birth rate and deal with a rapidly ageing population, a report has found that a record number of young people are emigrating to escape the country's moribund job market. About 21,000 Italians aged 25-34 moved abroad in 2023, an increase of 21 per cent on the previous year and a new record for departures, Italy's national statistics agency Istat reported. Among the exodus, more than half had university degrees — creating a brain drain that could weaken Italy's drive to turn around its economy. According to figures from Istat, more than a million Italians emigrated in the decade from 2014 to 2023, including 367,000 young people, of whom 146,000 were graduates. 'Everyone I know is abroad because it
Local Italy
21-05-2025
- Business
- Local Italy
Nearly 100,000 young graduates left Italy over past decade, report finds
Some 97,000 young graduates have moved away from Italy in the past decade, the head of the country's national statistics agency, Istat, said on Wednesday. A record number of degree holders aged between 25 and 34 - 21,000 - left the country in 2023, Istat President Francesco Maria Chelli told MPs during a presentation on key findings from the agency's latest annual report. That's almost double the number (12,000) of young graduates who emigrated in 2022. Around 31.6 percent of Italians aged 25 to 34 held a degree in 2024, Chelli said. This put Italy well behind France and Spain, where the figure stood at more than 50 percent, according to Eurostat. Within Europe, only Romania and Hungary ranked behind Italy. In a 2024 study, research group Fondazione Nord Est found that losing highly qualified workers to emigration cost Italy an estimated €134 billion between 2011 and 2023 - over €10 billion a year. Italy's brain drain is generally attributed by experts to a chronic shortage of job opportunities, especially in the south of the country, as well as non-competitive wages. Though it has decreased significantly over the past few years, Italy's youth unemployment rate among people aged 15 to 24 remains among the highest in the EU. It stood at 18.7 percent in January of this year – the eighth-highest in the bloc and well above the EU average of 14.6. In an effort to lure back talent, Italy has in recent years introduced tax incentives for highly qualified Italian workers living abroad who choose to return home. But such measures are often seen as insufficient to overcome Italy's lack of graduate-level employment opportunities and the low pay that often comes even with high-level positions. According to a 2023 Istat report, Italian workers earn approximately €3,700 less per year than the average EU worker and over €8,000 less than the average German worker.
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
Seasonally-adjusted Italian exports down 1% MoM, 5.8% YoY in Mar 2025
Seasonally-adjusted Italian exports decreased by 1 per cent month on month (MoM) and 5.8 per cent year on year (YoY) in March this year, while such imports rose by 0.2 per cent MoM and 7.6 per cent YoY in the month, according to official statistical agency Istat. The country's exports to European Union (EU) countries declined by 5 per cent MoM and rose by 3.7 per cent YoY, while those to non-EU countries increased by 3.3 per cent MoM and 8.2 per cent YoY. Imports from EU countries grew by 1.2 per cent MoM and 6.8 per cent YoY, while incoming flows from non-EU countries fell by 1.1 per cent MoM and rose by 8.8 per cent YoY. Seasonally-adjusted Italian exports fell by 1 per cent month on month (MoM) and 5.8 per cent YoY in March, while such imports rose by 0.2 per cent MoM and 7.6 per cent YoY, official data show. In March, trade balance registered a surplus of €3,657 million. In Q1 2025, the country's seasonally-adjusted data increased MoM for both exports and imports by 4.6 per cent and 4.7 per cent respectively. In the first quarter (Q1) this year, seasonally-adjusted data increased month on month (MoM) for both exports and imports by 4.6 per cent and 4.7 per cent respectively. In March, trade balance registered a surplus of €3,657 million—€2,453-million deficit for EU countries and €6,110-million surplus for non-EU countries. Excluding energy, trade balance surplus amounted to €7,551 million, an Istat release said. Import prices decreased in March by 1 per cent on a monthly basis—minus 0.5 per cent for the euro zone and minus 1.3 per cent for the non-euro zone. Over the last three months, compared to the previous three months, import prices increased by 0.7 per cent—minus 0.4 per cent for the euro zone and plus 1.6 per cent for the non-euro zone. Import prices increased by 0.6 per cent YoY in March—minus 0.6 per cent for the euro zone and plus 1.6 per cent for the non-euro zone. Fibre2Fashion News Desk (DS)
Fibre2Fashion
01-05-2025
- Business
- Fibre2Fashion
Italy's indices for consumer, biz, manufacturing confidence dip in Apr
Italy's consumer confidence index dropped from 95 to 92.7 in April this year, while the index for business confidence climate, the Istat economic sentiment indicator (IESI), further declined from 93.2 to 91.5, according to the official statistical agency Istat. The index for manufacturing confidence climate weakened from 86.0 to 85.7. A reduction characterised all components of the consumer confidence index: the economic climate worsened from 93.2 to 89.6; the personal one from 95.7 to 93.9; the current one from 97.9 to 95.4 and the future one from 91.1 to 89.1. Italy's consumer confidence index dropped from 95 to 92.7 in April, while the index for business confidence further fell from 93.2 to 91.5, according to Istat. The index for manufacturing confidence fell from 86 to 85.7. In manufacturing, assessments on order books marginally improved, while expectations on future production fell. The retail trade confidence climate edged down from 103.8 to 101.8. In manufacturing, assessments on order books marginally improved, while expectations on future production decreased. The balance of inventories remained stable at 3. The retail trade confidence climate edged down from 103.8 to 101.8. Respondents markedly worsened their assessments on current business activity (the related balance slumped from 14.1 to 6), while they positively appraised future volume of sales (the balance of the variable grew from 26.1 to 28.6). With regard to the inventories, the balance increased once more from 7.8 to 8.7. Fibre2Fashion News Desk (DS)
