Confindustria says economy dipping, RTT -3.4% in November

Industry weighs more, -5.1%, but Q4 up 2.1%

By: ansa.it

Jan 10 2025
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Confindustria says economy dip

The real-time growth index of the Italian economy RTT detected by the Confindustria research center recorded a "significant decline" in November 2024, dipping by 3.4%, the industrial employers federation said Friday.
    The indicator showed the greatest reductions in services and industry, while construction continued to grow moderately.
    The decline in industry, -5.1% in November, "almost entirely cancels out the increase of the previous month", Confindustria said.
    However, for the fourth quarter the index "suggests a positive trend (+2.1% acquired) after the decline recorded in the third (-1.3%)".
    The 'Real Time Turnover Index' of the economists of via dell'Astronomia records monthly the dynamics of the volume of activity based on the turnover detected on the sample of client companies of TeamSystem.