Friuli Venezia Giulia grows 0.9 percent as inflation erodes income
Friuli Venezia Giulia's GDP grew 0.9 percent year-on-year in the first half of 2026, matching Italy's pace, according to the Bank of Italy. Employment rose 2.8 percent, but real household income increased just 0.4 percent as inflation strengthened.
Public works support expansion
Industrial value added rose 0.8 percent year-on-year in the first half of 2026.
Exports fell 9.6 percent as ship deliveries declined; excluding shipbuilding, exports increased 2.2 percent in value.
Export volumes excluding transport equipment rose just 0.2 percent.
Investment remained broadly unchanged, with smaller firms reporting restrained plans for 2027 amid energy costs and international uncertainty.
Local government property investment increased about 13 percent to €387 million.
By June, recovery-plan payments reached €1.989 billion, or 70 percent of regional allocations, against 62 percent nationally.
Tourist overnight stays rose 1.1 percent in January–September: foreign stays increased 4.6 percent while domestic stays fell 4.4 percent.
Credit diverges across borrowers
In June 2026, business loans fell 4.3 percent year-on-year but rose 0.9 percent excluding shipbuilding; small-firm loans declined 3.9 percent.
Household borrowing grew 3.3 percent.
New mortgages totaled €522 million in the first half, up 1.3 percent.
In the second quarter, business liquidity loans cost 4.9 percent, investment loans 4.1 percent and new mortgages 3.8 percent.
Annual new-problem-loan rates averaged 1.1 percent for firms and 0.4 percent for households over the four quarters to June.
September inflation reached 4.2 percent.
Growth without purchasing-power relief
Employment growth did not translate into comparable purchasing-power gains.
Energy-related inflation constrained real income, while public works continued to support construction.
Credit quality remained strong, but smaller firms still faced declining lending and weak investment.