ROMA (ITALPRESS) – “The government confirms a deficit in decrease to 2.8% in 2026 and 2.6% in 2027, therefore the exit of Italy from the excessive deficit procedure already next year. The manoeuvre for the 2026 of about 18 billion will be almost zero balance and, according to the government, will have no impact on the GDP. The interventions will be focused on: Irpef, health, investments, family policies.” The Confindustria Study Centre detects this in the flash conjuncture of October, according to which “after an excellent 2nd quarter (+1.6%), the indicators confirm the positive phase in the 3rd.
In September, the producers of instrumental goods increased their trust, especially the expectations on orders and production. Confidence in buildings is diminished, for negative judgments on orders, although construction plans recover. The lower credit cost supports loans (+1.2% annually in August)”. Confindustria still sees consumption improving.
“In the 2nd quarter the total real income of households grew (+0.3%), but the increase in the savings rate (at 9.5%), linked to uncertainty, curbed spending. It seems better the 3rd: the employment registers a break in August, like retail sales, but for both the acquired quarterly variation is positive (+0.1% and +0.3%); in September the confidence of the families recovers in part (96.8 from 96.2) and the sales of cars finally return to grow in annual terms (+0.4%)”.
For the 3rd quarter, service indicators are mixed but doubts remain for industry. “In August the production slipped in Italy (-2.4%), after +0.4% of July, bringing the variation acquired for the 3rd quarter to -1.4%; positive data in the first half of the year (+0.3% per quarter). RTT anticipated the July-August ups and downs in terms of turnover, and the CSC survey already suggests a recovery in September. That is endorsed by the confidence of industrial enterprises stabilized, thanks to less negative orders; less from SMEs, just in the recessive area (49.0)”.
– Photo IPA Agency –
(ITALPRESS).
