RTT, calculated based on seasonally adjusted and deflated turnover data from TeamSystem's sample of client companies, recorded a sharp increase in October (+6.1%). The indicator shows the largest increases in services and industry, but construction also continues to grow.

The RTT aggregate figure for the Italian economy

• In October, RTT indicates an increase in turnover at constant prices for businesses, equal to +6.1%, bringing the level to its highest value in 2024 (Chart 1).

• With October's jump, RTT suggests positive momentum (+5.9%) for the fourth quarter, following the decline recorded in the third quarter (-1.0%).

RTT for production macro-sectors

• The positive RTT figure for industry (+6.4% in October) signals a continuation of the recovery that began in September.

• Services also recorded their second consecutive increase (+7.3%), at a faster pace than industry (Chart 2).

• The change recorded in October for the fourth quarter is positive in both sectors.

• In construction, RTT continues its moderate growth (+1.81 TP6T in October), indicating expansion also for the fourth quarter.

RTT for macro-areas and enterprise size

• RTT recorded an increase in all areas in October, with the largest increase in the North-West (+8.6%; Chart 3), where the largest decline had occurred in the third quarter.

• RTT increases are also strong in the Centre (+6.3%) and South (+5.2%), but much less so in the North-East (+2.0%).

• The change recorded for the fourth quarter is positive in all areas, especially in the North-West and Centre.

• For large enterprises, RTT indicates the largest increase in October, following the sharp decline in the third quarter.

• There was also a sharp increase for small businesses, equal to the decline suffered in the third quarter. On the other hand, medium-sized businesses saw a moderate recovery in October (+1.0%), and the change for the fourth quarter remains negative.