[ad_1]
In 2017, the GDP of the South was about 9% lower than before the crisis; the contraction was more than twice that of the North Center. This is apparent from the July Bankitalia report on the economy of the regions in 2017. GDP growth was stronger in the North (1.8%) than in the South (1.4) and in the Center (0.9%). ). According to the Iter indicator of the Bank of Italy, which traces the quarterly economic activity to the quarterly frequency, there would have been in the second half a slight slowdown in the South and North West.
I n per capita, the difference between the trends of the two zones is more contained (respectively, about -10 and -8%), because of the internal and international migrations that led to a greater expansion of the population in the south-central regions. Migration flows from the South are increasingly affecting graduates, impeding the allocation of human capital and future prospects for the development of the region. In 2017, value added in the industry in the strict sense has increased everywhere, especially in the South; according to our surveys, companies in the sector have increased their investments over the entire territory
– In the construction sector, value added has increased only in the southern regions and, in a to a lesser extent, in the northeast. trade, public transport, transport and telecommunications have developed at a rapid pace in all areas, except the Center; that of finance, real estate, professional services and businesses has increased everywhere, more widely in the North West and more contained in the South. In all divisions, the momentum of exports to current values was positive; net of refined petroleum products, whose strong growth was concentrated in the islands, the increase was however lower in the south (4.3% against values above 6.0 in the rest of the country).
capacity for competitiveness in international markets strengthened throughout the country: at constant values, the increase in sales abroad is everywhere higher than that of the potential demand of the end markets . Until 2016, the cumulative growth of exports compared to 2010 was greater than that of potential demand only in Central and North; since last year, this also characterized the South
Employment has increased in the same way between different regions. The distribution of the North Center almost exclusively influenced the positive trend in the services sector; In the South, the contribution of industry – including construction – was similar to that of the tertiary sector. In the North and in the Mezzogiorno, employment slowed in the second half and growth remained weak at the beginning of 2018.
At the Center, the favorable trend was concentrated in the second half of 2017; During the first months of the current year, there has been a decline. In 2017, the decline in the unemployment rate was lower in the South, where participation in the labor market increased slightly compared to other regions. Household credit has been accelerated, to a greater extent, in the Center and the South and more contained in other partitions. The trend has been reinforced for both mortgages for the purchase of housing and for consumer credit
Accelerated business bank loans in the Northwest (1.5 percent), decreased in Center (-1.4) and stagnated in the rest of the country. In all divisions, demand for credit was mainly supported by the financing needs of productive investments; the conditions of the offer remained accommodative. At the sectoral level, loans to manufacturing firms grew at a rapid pace in all areas
Those in the service sector increased in the North West and the South, slowing down compared to 2016; they remained stationary in the north-east and declined in the center. The decline in loans to the construction sector continued everywhere, down. In the first months of 2018, business credit dynamics increased, particularly in the North West. In 2017, bank interest rates applied to businesses declined further in all regions
. At the Center, the favorable trend has been concentrated in the second half of 2017; During the first months of the current year, there has been a decline. In 2017, the decline in the unemployment rate was lower in the South, where participation in the labor market increased slightly compared to other regions. Household credit has been accelerated, to a greater extent, in the Center and the South and more contained in other partitions. The trend has strengthened both for loans for home purchase and for consumer credit
I bank loans to businesses and accelerated in the North West (1.5 percent), they decreased at the Center (-1.4) and stagnated in the rest of the country. In all divisions, demand for credit was mainly supported by the financing needs of productive investments; the conditions of the offer remained accommodative. At the sectoral level, loans to manufacturing firms grew at a rapid pace in all areas
Those in the service sector increased in the North West and the South, slowing down compared to 2016; they remained stationary in the north-east and declined in the center. The decline in loans to the construction sector continued everywhere, down. In the first months of 2018, business lending dynamics strengthened, particularly in the North West. In 2017, interest rates of banks fell in all regions
Sef / AdnKronos
Source link
