Industry, turnover at the top since 2000. Consumers: 'Doped by inflation and expensive energy'

In May, industry turnover, net of seasonal factors, is estimated to increase by 1.4% compared to the previous month (+ 1.5% on the domestic market and + 1.1% on the foreign market).

Istat indicates this, underlining that, although "slightly attenuated" compared to the previous month, the economic growth continues with the index still reaching its highest level since the beginning of the historical series (January 2000).

In the annual comparison, corrected for calendar effects, total turnover grew by 23.6% (+ 24.2% on the domestic market and + 22.4% on the foreign market). 

ANSA agency

Inps: in June 49.7 million hours of cig, -9.1% on the month - Economy

The unemployment applications presented to INPS in May were 107,092, up by 54% in the annual comparison.

(HANDLE)

With reference to the main groupings of industries, in May - again indicates Istat - the seasonally adjusted indices of turnover recorded increases compared to the previous month for energy (+ 9.8%) and intermediate goods (+ 2.4% ), while there were slight decreases for capital goods (-1.0%) and for consumer goods (-0.2%).

In the annual comparison, as regards the indexes corrected for calendar effects, there are "marked" trend increases for energy (+ 72.7%), intermediate goods (+ 32.1%) and consumer goods ( + 17.8%), more contained for capital goods (+ 8.8%).

In the quarter March-May 2022 the overall index grew by 7.8% compared to the previous quarter (+ 8.0% on the domestic market and + 7.3% on the foreign market).

Furthermore, also in May, it is estimated that the

seasonally adjusted volume index of the manufacturing sector records a decline in economic terms (-0.3%).

On an annual basis, the volume of turnover, corrected for calendar effects, shows growth of 5.9%, much more contained than that in value (+ 22.9%).

Consumers, turnover doped by inflation and energy-

Industry turnover in May, up 1.4% on the previous month and 23.6% on an annual basis, is "doped" by inflation and high energy prices.

This is how consumers comment on the data released by Istat.

It is "an optical illusion", both the UNC and the Codacons state.

"The millionaire extra profits of the energy industries, an undeserved and intolerable gift, swell the turnover with + 72.7% on May 2021 and + 9.8% on April 2022", underlines the president of the National Consumers Union, Massimiliano Donate.

"At the base of the strong annual growth in turnover there is certainly not an acceleration of the activities of the Italian industry, but a surge in prices", says the president of Codacons, Carlo Rienzi,