Umbria grows 0.8 percent as industry lags services

Umbria's first-half growth trailed the 0.9 percent recorded in Italy and central Italy.

Industrial activity remained weak through September: over nine in ten manufacturers reported higher input costs and over 70 percent reported lower margins amid Middle East hostilities.

Larger firms and aerospace performed better.

First-half exports rose 0.6 percent, against Italy's 4.5 percent; sales to the United States fell 11.9 percent.

Local government investment increased 9.1 percent and tourist overnight stays rose 7.1 percent.

Employment grew 2.9 percent, against 0.6 percent nationally, while unemployment held at 5.0 percent.

Nominal household income rose 3.2 percent and real consumption increased 1.2 percent.

Regional inflation reached 4.2 percent in September, weakening purchasing power.

Business lending returned to growth after over three years of contraction, rising 4.2 percent year on year in June 2026.

Loans to medium-sized and large firms increased 6.4 percent, while small-business credit fell 5.2 percent.

Household borrowing from banks and finance companies rose 2.9 percent.

Corporate liquidity loan rates reached 5.4 percent, against 5.3 percent in December 2025; new mortgage APRs reached 3.8 percent.

The loan deterioration rate fell to 1.4 percent from 1.7 percent.

Deposits grew 4.6 percent.