Wednesday, February 24, 2016

Industry, curbs revenue but grow domestic orders – BBC

Boom in orders mainly domestic, but sales still gives ground. To Istat on December industrial production recorded negative and positive record. As for revenues, net of seasonal factors, there was a decrease of 1.6% compared to November, but up 0.2% on the year (after three years in the red). Corrected for the day (calendar effects have been working 21 against 20 December 2014), on an annual basis the total turnover fell by 3%: braking at the end of 2015, in terms of trend, it is the strongest since August 2013. For orders, however, 2015 has given the record: + 5.2% (raw data), the strongest annual increase since 2010 and the positive index returned after two years of decline (-8.1% in 2012 and -1.5% in 2013). The positive trend of last year is due in particular to the domestic market, which marks an increase of 8.6% for domestic orders. And is booming for the motor vehicle industry in December marks a 2.9% increase in turnover and 2.0% for orders. Looking to 2015, for the car, the result is very positive: + 24.6% for revenues and 20.4% for orders.

the quarterly decline in sales

over the last three months of 2015, the overall index of industry revenue recorded a 0.1% decrease compared the previous quarter (-0.3% for domestic sales and + 0.6% for the foreign market). The quarterly decline weighs the negative trend in sales of energy products, net of which the turnover is, overall, an increase (+ 0.5%). In December, the seasonally adjusted indices of turnover mark monthly declines for energy (-4.6%), for capital goods (2.2%), intermediate goods (-1.2%) and consumer goods (-0.7%). The raw index of turnover grows on year, by 0.2%: the largest contribution to this increase comes from the domestic component of capital goods. The most significant trend increase was recorded in the manufacture of transport equipment (+ 10.5%), while the largest decrease relates to the manufacture of coke and refined petroleum products (-17.2%).

orders

In December 2015, the industrial orders were down 2.8% cyclical, according to the seasonally adjusted index measured by Istat , and a 1.5% increase on a trend basis, according to the raw index. On an annual basis, however, the most significant increases in raw index of orders relating to manufacture of computers, electronic and optical products, medical equipment, measuring equipment and watches (+ 61.3%), textile, clothing, leather and accessories (+ 8.0%) and metallurgy and manufacture of fabricated metal products (+ 6.6%). In December, always reports the Istat, the biggest losses are instead recorded in the manufacture of transport equipment (-15.4%), in manufacture of electrical equipment and non-electrical equipment for domestic use (-7.1%).

Created 255 thousand jobs in two years

Between 2013 and 2015 (years characterized by the end of the recession and the start of a partial recovery) the increasingly active companies, those that could be defined as the” hard core “of the business world, have created” 1.1 millions “of jobs of these” 845,000 are the ones destroyed, with a positive balance of 255 thousand. ” L ‘Istat in its’ Report on the competitiveness of the productive sectors’ records that in the three years 32% of these companies has increased employee jobs, 29.2% has decreased them, while the remaining 38.8% did not change their employment levels. From a sector perspective, in general, services in the growth of jobs is concentrated in a smaller number of companies than is the case in the industry.

“fundamental tax reductions, fewer Jobs Act”

“By the middle of the manufacturing enterprises which increased employment between January and November 2015, contribution exemptions have played a key role in the growth of jobs. In services, the share of firms that considered the new “rules very” or “somewhat” important amounts to 61%. ” still Istat said in the report on competitiveness. “The new contract at increasing protections seems – says the Institute of Statistics – have exerted a role less important, but still positive: 35% of manufacturing firms has judged him very or fairly important against 49.5% of companies services’.

February 24, 2016 (edited February 24, 2016 | 24:45)

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