Overview
- ITER readings show small first‑half gains in several areas—Lazio up 0.7%, Abruzzo up 0.6%, Trentino up 0.7%, Bolzano up 0.5%—with Molise flat and Tuscany soft.
- PNRR‑funded works continue to prop up construction across regions, with Il Sole 24 Ore reporting Lazio projects started or completed at 52%.
- Pharmaceutical exports provided a strong lift, including advance U.S. purchases ahead of tariff measures, offsetting manufacturing weak spots such as fashion in Tuscany and automotive in Molise.
- The Bank of Italy survey reports rising loan demand, easier credit access, and high liquidity, with most firms expecting positive 2025 results and planning further investment into 2026.
- Employment increased and unemployment fell in multiple regions, household real incomes improved, and lending to households—including mortgages and consumer credit—expanded.