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23/04/2014 Statistics and MICE researches

Uvet Travel Index, business travels take off again...and Italy's GNP increases

Uvet chart
Uvet chart

Italian economy registers its first concrete recovery signals: the gross national product of the first trimester 2014 is at the levels of the first trimester 2013 and is growing by 0,32% with respect to the previous trimester. These are the Uvet Travel Index estimates created by the Uvet Group, leader of tourist distribution with 2,2 billion Euro turnover, with the scientific part curated by The European House - Ambrosetti.

The Uvet Travel Index has been created by comparing a historic series of business travel data and the GNP from 2006 to date. This is from where it was noticed that business travel trends reflected 94% of the gross national product tendency of the Country. The expected estimates by Uvet on the GNP trend have been released by Uvet anticipating Istat by 30-45 days. As for the first trimester of 2014 the National Institute of Statistics will give its forecasting estimates by mid-May and the official values next 11 June.

"Many times - explains Luca Pantanè, President of the Uvet Group - we have said that there was a relation between business travels and GNP, and now we have given a scientific proof to our intuition. Since July 2013 our indicator was signalling an inverse trend of the Italian economy. A major acceleration is expected in the second part of 2014. With these outlooks - concludes the President of Uvet - by the end of the year we should be back to the levels of the third trimester of 2012 with a final annual +1%."


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