The trend contraction in industrial production of 7.2% recorded by Istat in April is the largest in almost three years. To find a greater decline, in the correct data for the calendar, we must go back to July 2020, in phase 2 of the pandemic emergency, when the decline was 8.3%.
Industrial production collapses in April. Istat recorded, for the fourth consecutive month, a decline in the seasonally adjusted index, which fell by 1.9% compared to March, "with decreases extended to all the main sectors". The picture is also negative on a quarterly basis and on an annual basis, net of calendar effects, there is a "marked fall" of 7.2%. At a sectoral level, the decline for energy (-12.6% per year) and intermediate goods (-11%) is very large, consumer goods see a reduction of 7.3% while the decline for capital goods (-0.2%) is contained.
Istat, for the industry record fall since July 2020
2023-06-09T09:32:13.145Z
Highlights: The 7.2% drop in production in April is the biggest in almost 3 years. 'Marked fall on an annual basis. Also on the month decrease of 1.9%' (ANSA) To find a greater decline, in the correct data for the calendar, we must go back to July 2020, in phase 2 of the pandemic emergency, when the decline was 8.3%. The decline for energy (-12.6% per year) and intermediate goods (-11%) is very large.
The 7.2% drop in production in April is the biggest in almost 3 years. 'Marked fall on an annual basis. Also on the month decrease of 1.9%' (ANSA)
