{"id":6008,"date":"2018-01-22T14:52:14","date_gmt":"2018-01-22T13:52:14","guid":{"rendered":"https:\/\/www.uvet.com\/pil-uvet-travel-index-stima-chiusura-16-nel-2017-6008\/"},"modified":"2018-02-27T17:08:05","modified_gmt":"2018-02-27T16:08:05","slug":"pil-uvet-travel-index-stima-chiusura-16-nel-2017","status":"publish","type":"post","link":"https:\/\/www.uvet.com\/en\/pil-uvet-travel-index-stima-chiusura-16-nel-2017-6008\/","title":{"rendered":"GDP: Uvet Travel Index predicts closing at + 1.6% in 2017"},"content":{"rendered":"

In 94% of cases, the Uvet Travel Index correctly predicts ISTAT data.<\/em><\/strong><\/p>\n

Milan, 22 January 2017<\/em> \u2013 In 2017, Italy’s Gross Domestic Product grew by 1.6%<\/strong>, as estimated by the Uvet Travel Index<\/strong>, the index created by the Uvet Group<\/strong>, a tourism distribution group with a turnover of 2.5 billion euro, the scientific part being edited by The European House \u2013 Ambrosetti<\/strong>.<\/p>\n

The Uvet Travel Index<\/strong> is based on a statistical-econometric model that predicts the trend of the Italian economy from data on the dynamics of business travel, stored in a database of several<\/strong> million pieces of information<\/strong>, which is still updated since records began on 1 January 2006. The index provides indications in real time on the national economic cycle <\/strong>and is published ahead of – even by weeks – the official ISTAT data.<\/p>\n

The statistical-econometric processing is done on the basis of data on travel made by companies and professionals across a sample of 700 companies that are representative of the Italian economy.<\/p>\n

Introduced for the first time in 2012 the Uvet Travel Index has, over time, acquired a reputation and is shared <\/strong>not only amongst professionals in the industry, but also in the world of economic media<\/em> and represents a reliable indicator in terms of the Italian economy’s outlook.<\/p>\n

Due to its particular construction, the index tends to get better<\/strong> over time<\/strong> with the expansion of the historic data to analyse and the total volume of data available. Recent publications have, in fact, confirmed the high levels of reliability reached: in 94% of cases, the Uvet Travel Index was able to correctly predict, within certain confidence parameters, the dynamics of the Italian economy.<\/p>\n

From the lowest \u201cpeak\u201d, recorded in the second quarter of 2014, the UVET Travel Index has marked a slow and gradual recovery, in line with the GDP, anticipating the data on the growth in the Italian economy, albeit limited, which has been happening to date.<\/p>\n\r\n

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