Wednesday, August 5, 2015

June negative for industrial production, down 1.1% compared to May – AGI – Agenzia Journalistic Italy

June 1 negative industrial production compared to May 1 14:04 August 5, 2015

(AGI) – Rome, Aug. 5 – Back to the decline in industrial production. Istat informs that in June the index adjusted for calendar effects and ‘dropped by 0.3% compared to the same month of 2014. The seasonally adjusted index and’ decreased by 1.1% compared with May. On average for the quarter from March to May 2015, the production and ‘instead increased by 0.4% over the previous quarter, and also in the first six months of the year and’ was recorded a rise of 0.4% compared to the same period ‘ last year. The seasonally adjusted index, says Istat, seem adversely affected by the effects, on the days actually worked, the presence of a holidays ‘on the first Tuesday’ of June and has negative changes in all groupings. Diminish, in fact, intermediate goods (-1.7%), capital goods (-1.3%), energy (-1.0%) and consumer goods (-0.8%). Brilliant result in the production of motor vehicles and ‘grew by 44.2% in the first half of 2015 compared to the same period of 2014. This is the largest increase recorded since the beginning of time series, ie since 1990. In June, production marked a trend increase of 45%. “These data varied greatly, these continuous up and down ‘show, unfortunately, that we are far from a positive trend and we are not yet out of the tunnel of the crisis,” so’ commented Massimiliano Dona, Secretary of the National Consumers. Despite the minus sign in June, “Many factors suggest that the underlying trend and ‘recovery’, has said Luca Mezzomo, responsible macroeconomic analysis of management Studies and Intesa Sanpaolo, the figures released today by ISTAT.
The picture that emerges is “a clear step back from the picture provided in May,” however, warns the economist, “we must not be too hasty in drawing implications from today’s numbers.” (AGI).

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