Industrial production on the rise, exceeding pre-Covid levels in April: + 1.8%

by time news

Positive signs from the world of industrial production: according to data released by Istat in April, “the level of the seasonally adjusted index of industrial production exceeds the pre-year levels of February 2020”, recording the fifth consecutive month of economic growth. The numbers in fact indicate an increase in1,8% of industrial production over the month. “All major business sectors register increases on a monthly basis, among which the one observed for capital goods stands out. In trend terms, the index corrected for calendar effects records very strong increases for almost all sectors, due to the particularly low production levels of April last year, when the greatest restrictions on production took place for the containment of Covid-19 epidemic “, underlined Istat annual comparison and corrected for calendar effects, the overall index increases by 79,5%, “due to the exceptionally low figure of April 2020”. The monthly seasonally adjusted index shows cyclical increases in all the main groups of industries: positive changes characterize, in fact, capital goods (+ 3.1%), energy (+ 2.4%), intermediate goods (+1 , 1%) and, to a lesser extent, consumer goods (+ 0.5%). All the main sectors of economic activity recorded increases on a trend basis, excluding the production of basic pharmaceutical products (-3.2%). The largest growth characterizes the sectors of the textile, clothing, leather and accessories industries (+ 363.2%), the manufacturing of means of transport (+ 327.3%), other industries (+ 160.9%), manufacture of articles in rubber and plastic materials (+ 149.3%) and metallurgy and manufacture of metal products (+ 132.8%).

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