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This article was published on 10 October 2014 at 10:13.
The last change is the 10 October 2014 at 12:56.
Manufacturing with more shadows than lights in August. To a tight 0.3% compared to July (however, when the figure was -1%), but only a -3.7% trend, ie compared to the same month of 2013 should be noted that in August a year ago the decline was as much as 7.6 percent.
The loss today is reduced, but not enough to give a positive result by calculating the change on the basis of working days (only 20 this year compared to 21 in August 2013): -0.7 percent.
Negatives also the results of the quarter: -0.3% between June and August compared to the previous period – and of the first eight months of the year: -1.2% trend in the raw data, -0, 1% to correct for the effects of the calendar.
In short, the view shown by Istat with its monthly survey is not the best. But looking at the data in detail might appear less gray than you might think. The state of health of the Italian industry varies significantly from sector to sector and depending on the type of product. An example? The durable goods jumped by more than 4 percentage points in both cyclical and trend, non-durables grew by about 2%; capital goods showed a positive change in production between 1.6 (cyclical) and 1.7 per cent. And then, one would wonder, why the negative figure, especially in the trend? The “Chinese cook” or, so to speak, the culprit is once again the energy sector 2.6 points falling dry between August 2014 and August 2013 A little ‘better economic level (-0.3%). There are accomplices, though: intermediate goods, which compared to a year before they lost 2.2%.
The manufacturing is confirmed with two faces even more pushed down into the detail of the individual areas, where a trend level and is between positive peaks of the drugs (+ 14.9%), manufacture of transport equipment ( + 9.6%) and electronics (+9.5%), the depths of electrical equipment (-13.6%). If the refinery is scoring a -5.7% (-1.8% that goes to the power supply), instead starting to pick up the textiles and clothing (+5.2%) and the timber sector-paper-print ( + 2.2%). Still below zero, however, the chemical industry (-0.5%) and, especially, metallurgy (-3.3%).
The data in September Csc Confindustria
Confindustria Research Center estimates a drop in industrial production by 0.2% in September on-month (+0, 3% per month in August). In the third quarter, there was a decline in production by 0.6% on the previous year, a further deterioration from the 0.4% that was recorded in the second quarter and -0.1% in the first. The fourth quarter from the third inherits a short-term change anything. According to the CSC, it is a dynamic, “consistent with a marginal decline in GDP even in the summer months.”
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