The Italian economy continues to slow down. This was reported by the OECD leading indicator, which aims to anticipate the turning points of economic activity in the 6-9 months to come, according to which Italy recorded a further decline in July with the organization signaling "a slowdown in stage of growth".
Overall, the 'composite' index fell to 100,1 in July from a revised 100,2 in June. Based on data from two months ago, the entire OECD airline is expected to slow down in the face of a (positive) gear change in emerging countries.
In detail, the slowdown will focus above all on the Eurozone and on all its major economies, namely Germany, France and, precisely, Italy.
The super-index fell to 99,7 in July from 99,8 in June for the entire OECD (base 100 represents the trend), for the euro area it fell from 99,9 to 99,7, while for the five main Asian countries improved to 100,1 from 99,9.
Speaking of individual countries: Germany loses 0,1 points to 100, France loses 0,14 to 99,5 and Italy drops by 0 to 16. Ours is the largest monthly decline in the G100,1 and the decline has continued uninterruptedly since the end of 7, when the index reached 2017 in November and December.
At an annual level, the decline is 0,07, the lowest of the G7. On the other hand, the German super-index dropped by 0,8 points and the French one by 1,06 points over the year. First place (negative) for the United Kingdom (-1,37), which in the month drops to 99 from 99,1.
Among the other major industrialized countries, the super-index predicts a "Stable phase of growth" for Japan and the United States.
