Italy’s economy shows weak growth in Q2

Italy’s Gross Domestic Product (GDP) increased by 0.2% in Q2 2015 with respect to the first quarter of 2015 and by 0.5% in comparison with the second quarter of 2014, the national statistics institute Istat has revealed.

In July 2015, the Italian consumer price index for the whole nation (NIC) also declined by 0.1% compared with the previous month and rose by 0.2% with respect to July 2014 (the same annual rate of change observed in June 2015). The flash estimate was confirmed.

In June 2015 seasonally-adjusted data, compared to May 2015, decreased by 0.6% for outgoing flows and increased by 4.3% for incoming flows. Exports increased for EU countries (+0.5%) while decreased for non EU countries (-1.9%). The increase of imports is due to an increase for both areas: +3.5% for EU countries and +5.4% for non EU countries. During the second quarter, seasonally-adjusted data, in comparison with the previous quarter, showed a growth of 2.1% for exports and 4.6% for imports.

In June 2015, compared with the same month of the previous year, trade increased for exports (+9.4%) and imports (+12.2%). Outgoing flows increased by 10.1% for EU countries and by 8.7% for non EU countries. Incoming flows increased by 14.3% for EU area and by 9.4% for non EU area. The trade balance in June amounted to +2.8 billion Euros (+0.6 billion Euros for EU area and +2.2 billion Euros for non EU countries).

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