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Industrial production in May + 42.1% But the Covid effect remains

2020-07-10T10:32:18.508Z


'Significant upswing in May' after the lockdown. Year on year decrease of 20.3% (ANSA)


The industrial production in May squirts at the top , representing an increase of 42.1% compared to April . This was revealed by Istat, speaking of an " unsuccessful resumption of activities" after the lockdown . The economic comparison is, in fact, with a month, the Institute of Statistics reminds him, "characterized by the closures in many productive sectors following the measures connected to the health emergency". On an annual basis, the figure still shows a large drop : corrected for the calendar effects, in May the overall index decreased in tendential terms by 20.3%.

May also sees industrial production soar but the level of activity, Istat underlines it in the comment to the data, "is still affected by the situation generated by the Covid-19 epidemic: the general index, net of seasonality , shows a decrease of 20.0% compared to January, the last period preceding the health emergency ". And again, it is pointed out, "in the March-May average, the production level drops by 29.9% compared to the previous three months".

Source: ansa

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