Tuscany grows 0.8 percent as energy costs erode household gains

Growth remained below Italy's pace but exceeded Tuscany's 2025 average.

Industry recovered slowly, construction decelerated and services remained weak outside tourism.

First-half exports rose 23.8 percent in nominal terms and 16.2 percent in real terms, almost entirely driven by precious metals.

Tourist nights increased 2.9 percent in January-July; foreign visitors' spending rose 14.4 percent.

First-half employment grew 0.2 percent and unemployment stood at 4.4 percent.

Real household disposable income increased 0.7 percent, against nominal growth of 3.0 percent; consumption rose 1.0 percent.

The report links rising energy costs to the United States-Iran conflict and the blockage of navigation through the Strait of Hormuz.

At June 2026, private non-financial bank lending grew 1.0 percent annually, while business loans fell 1.3 percent and small-firm loans fell 6.1 percent.

Household borrowing from banks and finance companies rose 3.5 percent; consumer credit grew 5.5 percent.

New mortgage lending fell 13.8 percent in the first half; June mortgage APR was 3.7 percent.

The annualized new impaired-loan rate averaged 1.3 percent over four quarters, and gross impaired loans were 3.3 percent of lending.

Deposits rose 1.5 percent and securities held in custody gained 12.2 percent annually.