{"id":17548,"date":"2025-06-30T10:02:16","date_gmt":"2025-06-30T08:02:16","guid":{"rendered":"https:\/\/www.confindustria.it\/?post_type=pubblicazioni&#038;p=17548"},"modified":"2025-07-22T09:52:48","modified_gmt":"2025-07-22T07:52:48","slug":"rtt-falls-in-may-after-aprils-jump","status":"publish","type":"pubblicazioni","link":"https:\/\/www.confindustria.it\/en\/publications\/rtt-falls-in-may-after-aprils-jump\/","title":{"rendered":"RTT falls in May, after April's jump"},"content":{"rendered":"<p>RTT, constructed from seasonally adjusted and deflated turnover data from TeamSystem's sample of client companies, shows a significant downward correction in May. The indicator shows declines in all sectors, larger in services and industry, less so in construction.<\/p>\n<p><strong>The RTT aggregate figure for the Italian economy<\/strong><\/p>\n<ul>\n<li>In May, RTT indicates a downward correction of turnover at constant business prices, after the increase in April: the 3-month moving average slows down, but remains on the rise (+1.1% in May; Chart 1).<\/li>\n<li>In spite of this decline, RTT still indicates a positive acquired change in turnover in Q2 2025.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-17549 size-full aligncenter\" src=\"https:\/\/public.confindustria.it\/repository\/2025\/06\/30095832\/rtt11.png\" alt=\"\" width=\"575\" height=\"494\" srcset=\"https:\/\/public.confindustria.it\/repository\/2025\/06\/30095832\/rtt11.png 575w, https:\/\/public.confindustria.it\/repository\/2025\/06\/30095832\/rtt11-480x412.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 575px, 100vw\" \/><\/p>\n<p><strong>RTT for production macro-sectors<\/strong><\/p>\n<ul>\n<li>The reduction of RTT in industry (-3.2% in May) interrupted the two-month positive phase (Chart 2).<\/li>\n<li>In services, the decline is greater in May, again after a strong increase in April.<\/li>\n<li>The change in Q2 2025 remains positive, especially in industry, but also in services.<\/li>\n<li>In construction RTT shows a more moderate decline in May (-2.7%), as was the increase in April. The change in Q2 is positive (+0.3%): this would be the fourth consecutive increase.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17550 size-full\" src=\"https:\/\/public.confindustria.it\/repository\/2025\/06\/30095859\/rtt22.png\" alt=\"\" width=\"568\" height=\"520\" srcset=\"https:\/\/public.confindustria.it\/repository\/2025\/06\/30095859\/rtt22.png 568w, https:\/\/public.confindustria.it\/repository\/2025\/06\/30095859\/rtt22-480x439.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 568px, 100vw\" \/><\/p>\n<p><strong>RTT for macro-areas and enterprise size<\/strong><\/p>\n<ul>\n<li>RTT in May recorded a decline in all geographical areas, strongest in the North-West, moderate in the South (Chart 3).<\/li>\n<li>The change for Q2 became negative only in the Northwest, while it was positive in the other areas of the country.<\/li>\n<li>RTT indicates turnover declines in May for all company sizes: deeper for large companies, also strong for small ones.<\/li>\n<li>The change for Q2, however, is positive for all size classes, thanks to strong increases in April.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17551 size-full\" src=\"https:\/\/public.confindustria.it\/repository\/2025\/06\/30095928\/rtt33.png\" alt=\"\" width=\"591\" height=\"416\" srcset=\"https:\/\/public.confindustria.it\/repository\/2025\/06\/30095928\/rtt33.png 591w, https:\/\/public.confindustria.it\/repository\/2025\/06\/30095928\/rtt33-480x338.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 591px, 100vw\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>RTT, calculated on the basis of seasonally adjusted and deflated turnover data from TeamSystem's sample of client companies, recorded a significant downward correction in May. The indicator shows declines in all sectors, with the largest falls in services and industry and the smallest in construction. The aggregate RTT figure for the Italian economy in May indicates a [...]<\/p>","protected":false},"author":13,"featured_media":10642,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"in-evidenza":[],"prodotto":[224],"tag_globale":[],"tema_globale":[],"class_list":["post-17548","pubblicazioni","type-pubblicazioni","status-publish","has-post-thumbnail","hentry","prodotto-real-time-turnover-index"],"acf":{"scarica_nota":{"ID":19549,"id":19549,"title":"Publications Rtt Drops In May After Balz RTT Index Mag25 300625 Confindustria","filename":"pubblicazioni-rtt-cala-a-maggio-dopo-il-balz-RTT_Index_mag25_300625_Confindustria-1.pdf","filesize":234728,"url":"https:\/\/public.confindustria.it\/repository\/2025\/06\/22095236\/pubblicazioni-rtt-cala-a-maggio-dopo-il-balz-RTT_Index_mag25_300625_Confindustria-1.pdf","link":"https:\/\/www.confindustria.it\/en\/publications\/rtt-falls-in-may-after-aprils-jump\/pubblicazioni-rtt-cala-a-maggio-dopo-il-balz-rtt_index_mag25_300625_confindustria-2\/","alt":"","author":"13","description":"","caption":"","name":"publications-rtt-cala-a-may-after-balz-rtt_index_mag25_300625_confindustria-2","status":"inherit","uploaded_to":17548,"date":"2025-07-22 07:52:36","modified":"2025-07-22 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