Industrial production dates back to May, but marks -3.7% on an annual basis
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The industrial production index returns to growth in May. increased by 1.6% compared to April. Compared to 12 months earlier, however, there is a decrease of 3.7%. This is estimated by Istat, which on the average for the March-May period instead records a production level that decreased by 1.8% compared to the previous three months.
«Industrial production – comments Istat – returns to growth in May, in economic terms, after four consecutive declines. The increase involves all the main sectors. Considering the last three months, however, production continues to show a cyclical decline, which extends to all sectors of activity, with the only exceptions represented by oil refining products and means of transport. In trend terms, net of calendar effects, the overall index is decreasing in May, as are those relating to the main groupings of industries, with the exception of capital goods».
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