Slowly progressing. Sardinia's economy recorded growth of 0.7% in the first half of 2027, a lower rate than the national average (0.9%) and that of Southern Italy (1.0%). This indication comes from the Bank of Italy's economic update presented by the director of the Cagliari office, Giovanni Giuseppe Ortolani.
International tensions, in a world torn apart by old and new conflicts, have caused prices to rise, "fueling pressure on business costs and consumer prices," the report states.
Inflation reached 4.4% in September, causing price increases that primarily affected the real estate, transportation, and energy sectors. Business investment plans are declining. The profitability of the island's manufacturing businesses is also declining. The number of entrepreneurs expecting to close the year with a profit has decreased, and approximately 70% anticipate a decline in profit margins.
The construction sector continues to benefit from the expansion of public investment. A significant portion of the PNRR-related investments totaled €2.4 billion. Over 80% of the disbursements are earmarked for digitalization, ecological transition, education, and research.
Tourism continues to be a reliable support system. In the first eight months, attendance increased by 4.6% and passengers at regional airports by 8.9%, thanks primarily to foreign tourist arrivals.
In the first half of the year, household disposable income grew (by 3% in nominal terms, but only by 0.7% in real terms).
The Bank of Italy's economic update highlights a decline in mortgages granted by banks for home purchases. Credit quality is deteriorating. The default rate rose to 1.3%, from 1.1% last December, due to the performance of business loans. Bright spots and dark spots. An economic picture affected by the international climate, which is experiencing a period of conflict.
The Bank of Italy also presented its Financial Education program in Sardinia. Numerous initiatives are underway in various parts of the island to strengthen economic literacy, especially among young people.