The long wave of the economic crisis caused by the pandemic and, above all, the increase in
energy bills
are making themselves felt on the savings of companies and citizens.
So the piggy banks of the Italians, after almost three years of constant growth, reverse this trend and show a reduction of over 50 billion euros.
This is a
decrease of 2.4%
in just three months: in July, in fact, the amount of household and business reserves deposited in the country's banks was 2,097 billion, while in October it fell to 2,047 billion.
This is what emerges from an analysis
by the Unimpresa Study Centre
, according to which the sudden outflow could have some repercussions on the collection of credit institutions.
"What we have before our eyes is a photograph of a dramatic situation that we, unfortunately, had envisaged for some time", comments the president of Unimpresa, Giovanna Ferrara, underlining how "the forces and liquidity are failing, both for families both for companies, especially the smaller ones. The costs are unsustainable, the energy bills are no longer manageable. That's why, whoever has the opportunity draws on their own reserves. We acknowledge the government for having packaged a budget law that is in any case positive and in a very short time, however we point out the urgency of launching an extraordinary plan of public interventions and support starting from January".
According to the Unimpresa Study Centre, which analyzed
data from the Bank of Italy
, the total reserves of households and businesses stood at 2,047 billion euros last October, down by 50 billion (-2.4 %) compared to 2,097 billion in July.
Up to that moment, constant growth had been recorded for over two years: 1,823 billion in December 2019, 1,956 billion in December 2020, 2,050 billion in October 2021, 2,075 billion in December 2021. A trend of accumulation that continued throughout the current year, unless the trend is reversed from August onwards.
Above all,
current accounts
are the form of accumulation most used by companies and citizens, both during the savings phase and as a source to draw on in the event of quick liquidity: the total balance was equal to 1,182 billion at the end of 2019, at 1,349 billion at the end of 2020, to 1,449 billion in October 2021 and 1,480 billion in December 2021, and still increasing up to 1,497 billion up to July 2022. Then the decrease of 45 billion (-3.0%) to 1,452 billion touched last October.
The trend of the other forms of deposit and accumulation of liquidity was more linear, such as deposits with pre-established duration, deposits repayable at notice, repurchase agreements.
