{"id":3422,"date":"2025-11-13T13:01:30","date_gmt":"2025-11-13T12:01:30","guid":{"rendered":"https:\/\/ratingagency.cerved.com\/?p=3422"},"modified":"2025-11-13T13:01:31","modified_gmt":"2025-11-13T12:01:31","slug":"market-commentary-ottobre-2025","status":"publish","type":"post","link":"https:\/\/ratingagency.cerved.com\/market-commentary-ottobre-2025\/","title":{"rendered":"Market Commentary Ottobre 2025"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p class=\"has-border-color has-base-border-color\" style=\"border-width:20px\"><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-e524df8a wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p><br><em>Resta sempre aggiornato sugli ultimi sviluppi macroeconomici grazie alla Market Commentary di Cerved Rating Agency, uno strumento per comprendere meglio le dinamiche che impattano sul rischio di credito delle imprese. Attraverso il commento dei principali temi di natura economica e geopolitica, ti aiutiamo a prendere decisioni informate per una crescita del business distintiva e sostenibile.<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-border-color has-base-border-color\" style=\"border-width:15px\"><\/p>\n\n\n\n<p>In questo numero:<\/p>\n\n\n\n<p class=\"has-border-color has-base-border-color\" style=\"border-width:10px\"><\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>inflazione core in risalita nell\u2019Eurozona, bilancia commerciale in calo e segnali misti dalla Cina.<\/li>\n\n\n\n<li>Il FMI rivede al rialzo le stime di crescita, ma persistono rischi geopolitici e commerciali.<\/li>\n\n\n\n<li>Focus Italia: produzione industriale in contrazione, export in calo verso gli USA, ma segnali di tenuta per settori ad alto valore aggiunto<\/li>\n\n\n\n<li>Opportunit\u00e0 emergenti grazie ai dazi USA e valore aggiunto in crescita<\/li>\n\n\n\n<li>Approfondimento speciale su ETS II e impatti attesi<\/li>\n<\/ul>\n\n\n\n<p class=\"has-border-color has-white-border-color\" style=\"border-width:10px\"><\/p>\n\n\n\n<p class=\"has-border-color has-base-border-color\" style=\"border-width:15px\"><strong>Scarica il report completo per dati, analisi e previsioni<\/strong>:<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-e53a1342 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><\/h5>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<h4 class=\"wp-block-heading is-style-heading-sidebar-section\">RESOURCES<\/h4>\n\n\n\n<div class=\"wp-block-download-with-form-download-with-form\">\n\t\n\t<div class=\"wp-block-button is-style-fill dwf_container\">\n\t\t<h4 style=\"margin-bottom:16px;\">Market Commentary Ottobre 2025<\/h4>\n\n\t\t<button class=\"wp-block-button__link wp-element-button\" data-name=\"Market-Commentary-Ottobre-2025\" id=\"dwf_btn_download_3427\" data-mediaid=\"3427\">Download<\/button>\n\t<\/div>\n<\/div>\n<script>\n\tvar dwf_download = (url, fileName, type = \"text\/plain\") => {\n\t\tlet dwf_a = document.createElement(\"a\");\n\t\tdwf_a.style.display = \"none\";\n\t\tdocument.body.appendChild(dwf_a);\n\t\tdwf_a.href = url\n\t\tdwf_a.setAttribute(\"download\", fileName);\n\t\tdwf_a.click();\n\t\twindow.URL.revokeObjectURL(dwf_a.href);\n\t\tdocument.body.removeChild(dwf_a);\n\t}\n\n\tvar dwf_uuid = () => {\n\t\tvar d = new Date().getTime();\n\t\tif (typeof performance !== 'undefined' && typeof performance.now === 'function') {\n\t\t\td += performance.now();\n\t\t}\n\t\tvar uuid = 'xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx'.replace(\/[xy]\/g, function(c) {\n\t\t\tvar r = (d + Math.random() * 16) % 16 | 0;\n\t\t\td = Math.floor(d \/ 16);\n\t\t\treturn (c === 'x' ? r : (r & 0x3 | 0x8)).toString(16);\n\t\t});\n\t\treturn uuid;\n\t}\n\n\tfunction getQueryParams() {\n\t\tconst params = new URLSearchParams(window.location.search);\n\t\treturn {\n\t\t\tutm_source: params.get('utm_source'),\n\t\t\tutm_medium: params.get('utm_medium'),\n\t\t\tutm_campaign: params.get('utm_campaign')\n\t\t};\n\t}\n\n\t\/\/ Funzione per costruire la nuova URL con i parametri UTM\n\tfunction buildUrlWithUtm(baseUrl, queryParams) {\n\t\tlet url = new URL(baseUrl, window.location.origin);\n\t\tif (queryParams.utm_source) {\n\t\t\turl.searchParams.append('utm_source', queryParams.utm_source);\n\t\t}\n\t\tif (queryParams.utm_medium) {\n\t\t\turl.searchParams.append('utm_medium', queryParams.utm_medium);\n\t\t}\n\t\tif (queryParams.utm_campaign) {\n\t\t\turl.searchParams.append('utm_campaign', queryParams.utm_campaign);\n\t\t}\n\t\treturn url.toString();\n\t}\n\n\tdocument.querySelector('#dwf_btn_download_3427').addEventListener('click', (e) => {\n\t\tvar dwf_userId = localStorage.getItem(\"dwf_userId\");\n\t\tif (!dwf_userId) {\n\t\t\tdwf_userId = dwf_uuid();\n\t\t\tlocalStorage.setItem(\"dwf_userId\", dwf_userId);\n\t\t}\n\n\t\tasync function dwf_get_FileData($mediaId) {\n\t\t\tlet dwf_url_download = '\/api\/dwf\/download\/' + $mediaId + '\/' + dwf_userId;\n\t\t\ttry {\n\t\t\t\tlet res = await fetch(dwf_url_download);\n\t\t\t\treturn await res.json();\n\t\t\t} catch (error) {\n\t\t\t\tconsole.log(error);\n\t\t\t}\n\t\t}\n\n\t\tasync function dwf_render_fileData() {\n\t\t\tlet mediaId = e.target.dataset.mediaid;\n\t\t\tlet fileName = e.target.dataset.name;\n\t\t\tlet fileData = await dwf_get_FileData(mediaId);\n\t\t\tconst queryParams = getQueryParams();\n\t\t\tif (fileData['blocked']) {\n\t\t\t\twindow.location.href = buildUrlWithUtm('\/fileDownload\/' + mediaId + '\/' + dwf_userId, queryParams);\n\t\t\t} else {\n\t\t\t\tdwf_download(fileData['fileUrl'], fileName);\n\t\t\t}\n\t\t}\n\t\tdwf_render_fileData();\n\t})\n\t<\/script>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading is-style-heading-sidebar-section\">TOPICS<\/h4>\n\n\n<div class=\"taxonomy-category is-style-box-terms wp-block-post-terms\"><a href=\"https:\/\/ratingagency.cerved.com\/category\/credit\/\" rel=\"tag\">Credit<\/a><span class=\"wp-block-post-terms__separator\"> <\/span><a href=\"https:\/\/ratingagency.cerved.com\/category\/research\/\" rel=\"tag\">Research<\/a><\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Resta sempre aggiornato sugli ultimi sviluppi macroeconomici grazie alla Market Commentary di Cerved Rating Agency, uno strumento per comprendere meglio le dinamiche che impattano sul rischio di credito delle imprese. Attraverso il commento dei principali temi di natura economica e geopolitica, ti aiutiamo a prendere decisioni informate per una crescita del business distintiva e sostenibile. [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_slider_image_ID":0,"_reading_time":"","footnotes":""},"categories":[37,3],"tags":[],"element":[5,8],"class_list":["post-3422","post","type-post","status-publish","format-standard","hentry","category-credit","category-research","element-analysis","element-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Commentary Ottobre 2025 - Cerved Rating Agency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ratingagency.cerved.com\/market-commentary-ottobre-2025\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Commentary Ottobre 2025 - Cerved Rating Agency\" \/>\n<meta property=\"og:description\" content=\"Resta sempre aggiornato sugli ultimi sviluppi macroeconomici grazie alla Market Commentary di Cerved Rating Agency, uno strumento per comprendere meglio le dinamiche che impattano sul rischio di credito delle imprese. 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