ROMA (ITALPRESS) – The strengthening of domestic demand in the fourth quarter (+0.5% curtains) with particular emphasis in the months of November and December (respectively, +0.6% and +1%), provides a significant contribution to GDP change, estimated to grow in January 2026 by 0.5% on December and 1.2% in the annual comparison. The growth prospects for 2026 are moderately optimistic (+0.9%) and remain strongly dependent on the evolution of consumption, in a context of progressive tertiarization of expenditure linked mainly to leisure and services (in December tendential +11.1% recreation and culture, +16.4% smartphone and PC).
Increasing consumption and the climate of trust of Italians. In fact, expenditure intentions are growing compared to both 2024 and the first part of 2025. The first results are already visible in the data (compared to 2024): the Black Friday generated 4.9 billion expenditure (+19.5%); Christmas consumption shows a real increase of 2.8% per family; Italian travellers in the Immaculate Bridge grow by 4.9%. It is also good for real retail sales that record two consecutive months of joint growth (+0.5% in October, +0.6% in November), an event that did not occur since the beginning of 2024.
From October to November a significant change in the climate of trust is observed: for enterprises, growing month by month from September for four consecutive months, approximately +3% compared to July; for families +1.7% in December on November. Therefore, it decreases the distrust of families and increases the propensity to consumption. Business confidence has also been recovering for four consecutive months. Tourism confirms a positive contribution, with attendance increasing 1.6% in the bimester October-November.
These data emerge from the presentation of the January conjuncture prepared by the Confcommercio Study Office.
SANGALLI “AUMENTANO CONSUMI E FIDUCIA, ORA RAFFORZARE LA CRESCITA”
“The awakening of consumption during Black Friday, Christmas and the start of the balances is certainly a positive signal that confirms the recovery of trust. To make growth more robust it is necessary to continue to reduce taxes on families and enterprises, simplify bureaucracy and create better conditions for the participation of young people and women in the labour market”. Thus the president of Confcommercio, Carlo Sangalli, comments on the Conjunction of the Office of Studies of the Confederation.
– Photo IPA Agency –
(ITALPRESS).
