Il Piemonte it has always played a fundamental role in the national recovery and the economic data of the region can be considered the mirror of those of the entire country.
The study carried out byResearch & IR Area of Banca Monte dei Paschi di Siena highlights the acceleration of exports and industrial production as well as the recovery of key sectors such as automotive and jewellery, tourism and agri-food.
According to what can be read in the report of the Tuscan institute, despite the high exposure of the Region to the cyclical fluctuations of the economy caused by the same production structure, Piedmont represents one of the most virtuous realities in Italy.
In detail, in the first quarter of 2015, export Piedmontese grew by 5,5%. The provinces that have contributed to the growth in the weight of regional exports in the last ten years are above all Cuneo and Alessandria (respectively 16,4% and 12,1% y/y).
The increase is mainly due to the improvement of the means of transport sector and that of jewelery. The majority of Piedmontese exports are directed towards EU countries (57,5% of the total, 26,2% only in Germany and France) and in 2014 recorded a growth of +3,8% y/y.
Mps Bank highlights in particular the strong growth of the other manufacturing sector (+17,3% y/y), driven by the “jewellery” (+15,1% y/y); while in the 1st quarter of 2015 there was a strong improvement in the sectors of pharmaceuticals (+34,7% y/y), means of transport (+18,1% y/y) and other manufacturing activities (+11,9 .23% y/y). On the other hand, the coke and refined petroleum products sector is still negative, losing 8,5% y/y and that of base metals and metal products (-XNUMX% y/y).
Talking about the industrial productionDespite the fact that the Italian one fell by 2014% in 0,6, the Piedmontese one put in place a strong growth (+3% y/y), with a regional turnover up by 1,4%.
Il job market remains in difficulty, even if the analysis has found a slight improvement in the first 3 months of 2015. Mps points out that "active businesses in the region are around 7,7% of the national total and are more vital than the national average, with a birth rate above or equal to the average in all productive sectors. However, the overall mortality is higher than the national one”, with the exception of transport.
Also recovering Real Estate Market residential, despite the fact that in the first three months of the current year there was a slowdown in national sales (-3,4% y/y) after two very positive quarters.
Finally, the study carried out by the Research & IR Area of Banca Monte dei Paschi highlights the correlation between the trend of Piedmontese and Italian GDP. In fact, analysts point out that the forecasts of the institutional contributors for Italy are positive for 2015. At this point, therefore, it can be assumed that Piedmont also presents similar or even better trends than the national ones. According to Prometeia's May estimates, in 2015, the GDP of Piedmont it will grow by +0,9% y/y, recording a more pronounced recovery than the national one (+0,7% y/y). While for 2016, growth in interest rates is expected to be around 1,8% y/y.
