RTT, constructed on the basis of seasonally adjusted and deflated turnover data from TeamSystem's sample of client companies, shows a strong increase in September (+4.7%). The indicator shows a positive trend in all sectors and territories.

The RTT aggregate figure for the Italian economy

• In September, RTT indicates a recovery in business turnover, at constant prices, after the decline in August: the 3-month moving average just returned to positive territory (+0.4% in September; Chart 1).
• Overall, RTT indicates a negative, albeit moderate, change in turnover in Q3 2025 (-1.1%), due to the sharp decline in August.

RTT for production macro-sectors

• The rise of RTT in industry in September (+3.7%) was not enough to offset the decline in August (Chart 2).
• In services, however, the recovery in September is full after a fall last month that had been deeper than in industry.
• Nevertheless, the change in Q3 was negative in both industry and services.
• In contrast to the rest of the economy, in construction a moderate increase in RTT continued for the 4th consecutive month (+1.7% in September).

RTT for macro-areas and enterprise size

• RTT in September increased in all geographical areas, more so in the North-West where the decline in August had been greater (Chart 3).
• The change in Q3 is negative for the North West, around zero in the other areas of the country.
• RTT in September recorded a recovery in turnover for all size classes of companies, only partial for small and medium-sized companies.
• The change in Q3 is moderately negative for all size groups, most significantly for medium-sized enterprises.