Growing employment and regained price stability. This is the light that illuminates, at least in part, the economic horizon of Sardinia in 2024, despite the shadows of struggling sectors and structural slowdowns. According to the Economic Update on the regional economy drawn up by the Bank of Italy, in the first six months of the year , GDP increased by 0.4%, in line with the national average, but the pace of recovery remains weak.
The fall in inflation to 0.7% in September has given new life to the purchasing power of families, whose income has grown by 4% nominally and 2.7% in real terms. However, consumption remains stable, a sign that uncertainty is still holding back spending, while bank deposits are growing again (+3.3%), especially in the restricted forms.
In the labor market, employment increased by 2.8%, driven by tourism and services, which confirm their central role in the regional economy. The tourism sector also remains healthy, with an increase in the number of guests in accommodation facilities and growth in traffic in ports and airports.
The dynamics of the production sector are more complex: industry is suffering, with the exception of sectors such as dairy and oil refining, while in construction the slowdown in tax incentives has reduced private demand, not compensated by the PNRR projects. Sardinia is, in fact, the last region for the percentage of tenders awarded for public works on the total value advertised under the PNRR.