RTT, constructed on the basis of seasonally adjusted and deflated turnover data from TeamSystem's sample of client companies, recorded a sharp decline in February (-4.2%). The indicator shows a decrease in services and industry, while construction holds up.

The RTT aggregate figure for the Italian economy

• In February, RTT indicates a sharp decline in turnover at constant business prices of -4.2% (Chart 1), which entirely erodes January's increase.

• As a result of this decline, RTT recorded a negative acquired change in turnover in Q1 2025.

RTT for production macro-sectors

• The decline of RTT in industry (-3.8% in February) more than compensated for the good January figure.

• In services, the trend was similar, with February's decline stronger than January's increase (Chart 2).

• The change in Q1 2025 is negative in both industry and services.

• In construction, RTT is bucking the trend: moderate increase in February (+0.1%) after January's decline, positive change in Q1.

RTT for macro-areas and enterprise size

• RTT in February declined in all geographical areas, the largest in the North-West, the most moderate in the South (-1.5%; Chart 3).

• The changes acquired for Q1 similarly show a decline in all areas of the country.

• RTT indicated significant declines in turnover in February for all company sizes: deeper for large companies, less so for small ones (-3.9%).

• Consequently, the change in Q1 is negative for all size classes, especially for large enterprises.