[REVISION HISTORY]

Sicily economic performance and trends

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2026-11-10 13:13 UTC → 2026-11-10 22:53 UTC · added ~~removed~~

Economic indicators in Sicily show a mix of sector-specific trends and overall growth. Recent data from the province of Syracuse indicates a 0.3% growth in the used car market between January and August 2026, reaching 180,752 ownership transfers, even as the national Italian market saw a 0.5% decline. In Syracuse, used car prices fell by 2.9% year-on-year, while average consumer budgets decreased from 20,000 to 17,000 euros. In Palermo, an analysis by the G. Tagliacarne Institute shows six out of ten economic indicators performing above the national average. Between September 2025 and September 2026, active businesses in Palermo grew by 0.5% despite a national decline of 0.8%. Innovative start-ups rose by 7%, while institutions in the National Single Register of the Third Sector grew by 15.7%. In the credit sector, loans to economic activities grew by 10.3%, significantly outpacing the national rate of 2.5%. However, Palermo saw a 70.6% contraction in exports during the first half of 2026, and employment fell by 0.8%. In Agrigento, six out of ten economic indicators have also outperformed the national average, including a 0.7% increase in active businesses and a 17.6% rise in innovative start-ups, though the province faces a 4.2% drop in exports. Regional growth estimates have been revised upward. The regional government approved the Nadefr 2027/2029, which revised the 2026 GDP growth estimate from 0.5% to 1.1%. New data from the Bank of Italy shows Sicily recorded a 0.6% GDP growth during the first half of 2026, trailing the national average of 0.9%. Growth was most sustained in the services, tourism, and construction sectors, with tourism seeing a 6% increase in overnight stays. To support structural development, regional officials have approved a 1.7 billion euro stability plan for 2027-2029 to assist families, businesses, and young professionals.

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