Industrial production increases, boding well for real estate

Calabre, Italy
Calabre, Italy

Increase in industrial production in June. According to Istat, the Italian State Statistics Institute, the seasonally adjusted index rose 1.1% from May, adjusted for calendar effects. In June 2017, the index increased in trend terms by 5.3% (working days are 21, as in June 2016), at the upper end since the end of last year. On average for the quarter of April to June 2017, production increased by 1.1% compared to the previous three months. On average, for the first six months of the year, production increased by 2.2% compared to the same period last year. The positive trend continues for the Italian industry, after positive data were also recorded in May.

The recovery is already influencing the real estate market

prices of the last 24 months in Florence
prices of the last 24 months in Florence

Indeed, if we look at the property prices of the last 24 months, we note that the stabilization of the Italian real estate market is confirmed, as is the economic recovery. Prices remain at fairly low levels compared to the pre-crisis level of 2008, so we can do good business by buying real estate in Italy.

The automotive industry is doing particularly well

The acquisition of Chrysler and Jeep by Fiat is bearing its fruits

Leap of production in particular in the automotive industry. Italian car production in June increased by 19.9% ​​over the previous year, according to Istat. The average growth in the second quarter, compared to the previous period, is 4.4%. “This is the sector that drives industrial production this month,” said the Institute of Statistics.

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