Premier Giorgia Meloni praised Italy’s economic performance in a message to the assembly of the insurers’ association Ania on Tuesday.
At the Ania insurance assembly, PM Meloni praised Italy’s economic performance. “The Italian economy is growing more than those of other European nations, despite the slowdown in the world economy and the delicate international situation,” Meloni said.
“The national macroeconomic data is positive, and the trends of some indicators, from employment growth to the increase in investment, represent important signs of confidence in the future of our economy. The government is determined to make the most of these signals and to ensure their continuity.”
Istat also reported that Italy’s GDP rose by 0.3% in the first quarter and forecasted a growth of 1% for this year.
Employment figures drop slightly in May
Istat reported on Tuesday that employment in Italy dropped by 17,000 (0.1%) in May compared to April, ending a streak of three consecutive monthly increases.
The national statistics agency also noted that the employment rate fell by 0.1 percentage point to 62.2% in May. However, the number of employed individuals was up by 462,000 (2.0%) compared to May 2023, reaching 23.954 million.
The year-on-year increase was driven by a rise of 498,000 in the number of people with permanent jobs and an increase of 42,000 in self-employed individuals, while the number of temporary workers decreased by 77,000.
Italy’s unemployment rate remained stable at 6.8% in May, though the jobless rate for those under 25 who are active in the labour market rose by 0.1 percentage point to 20.5%. Additionally, the inactivity rate increased by 0.1 percentage point to 33.1%.
