Have been published recently by the Bank of Italy, the economic reports 2014 (data 2013) Series "Regional Economies", that have the purpose of presenting studies and documentation on spatial aspects of the Italian economy.
The series includes annual reports and updates cyclical economic trend in the Italian regions.
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In this case we take care of the Piedmont Region, focusing on economic data relating to the Piedmontese families.
Here are the highlights extracted from the paper:
In 2013 has intensified the decline in credit to households that consequently so has generated a negative trend in both mortgage and consumer credit is.
The quality of loans to households remained almost unchanged at low levels.
According to the survey EU-SILC, updated 2012 the spread of indebted households in Piedmont is significantly lower than the national average and the North-West; also situations of potential financial vulnerability are reached values lower than the country.
The bank deposits of households are still grown, although at a slower pace, compared to 2012, thanks to the recovery of current accounts.
Securities deposited with banks, showed an expansion lower than in 2012, mainly driven by the increase in Government Securities (Bot, Btp, etc.).
Overall, the net wealth of households in Piedmont, understanding of the financial component and measured at current prices, has declined between 2008 and 2012 of 5,6% (was increased by about 30% in the period 2002-2008).
The negative trend in recent years is due to the effects of the crisis, who recorded first on the value of financial assets and later on that of housing wealth.
At the end of 2012 net wealth per capita amounted to little more than in Piedmont 160 thousand euro, value higher than the 10% the national average.
Alex Gaetani
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