Italy's economic recovery looks
to have continued at a moderate pace in the first quarter of
2016 despite a marked "deceleration" in Istat's composite
indicator in January, the national statistics agency said on
Tuesday in its monthly statement on the economic situation. "The
composite leading indicator for Italian economy stays positive,
suggesting the continuation of the slight growth also for the
first quarter in 2016," Istat said. "The current situation of
the Italian economy shows elements of uncertainty on the supply
side. On the demand side the steady growth of consumption is
accompanied by a slight recovery in investment". It added that,
following a slight increase in the unemployment rate in February
(up to 11.7%) and a fall in the number of employed people,
"moderately positive signals for coming months come from the
expectations of entrepreneurs in March (for the coming quarter),
which were up in the manufacturing and retail sectors and stable
in construction and services".
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