Nomisma: De Nardis, the Italian economic picture is still weak, exports need to be strengthened

The economic situation that Italy is currently experiencing still shows a substantially weak picture. This is claimed by Sergio De Nardis, chief economist of the energy company Nomisma.
His comment comes following today's publication of the Istat data signaling a halt in exports. “As regards the turnover of production activities – underlines De Nardis – there is a decrease caused by the setback that exports suffered this summer. Exports – as already mentioned several times – are our only lifeline in a situation in which domestic demand is still uncertain and in retreat”. And observing the flow of orders from Italian companies, the short-term perspective for Nomisma's chief economist is certainly not the best.
“Foreign markets – concludes De Nardi – are “holding” again but do not seem able to compensate for an ever-declining domestic market. The signal that we can gather from today's Istat data is the confirmation of a slow, bumpy and full of unknowns recovery path ".