Friday, June 10, 2016

Back to grow industrial production in April – TGCOM

In particular, Istat noted a growth of 0.5% in April over the previous month. A progress that comes, in fact, after no change in March and down 0.7% in February. In January, the industrial production increased in the EU was 1.7%, interrupting the streak triggered in November 2015.

The April increase was mainly from the 1.1% growth that has affected the production of consumer goods (-0.7% for durable and 1.4% for non-durables) and + 2.2% put a sign by intermediate phenomena. Down instead of 1.5% energy production and 0.1% that of intermediate goods.

The trend comparison (adjusted for calendar effects) instead shows a growth of 1.8 % confirming the streak put a sign in the first months of 2016: + 3.8% in January, February and March + 1.1% + 0.5%. Progress April is the result of growth of 2.1% relative to the production of capital goods and 1.3% for intermediate goods. Down respectively by 0.2% and 1.6%, consumer goods (durables 0.5%, -0.3% Non-durable) and energy.

The tables on ‘economic performance of the sectors of economic activity show a 5.5% decline for the mining operation, a -1.6% for the manufacture of machinery and equipment and 0.6% for electricity, gas , steam and air. They grow all other activities with remarkable results in the manufacture of coke and refined petroleum products, 8.6%; for the manufacture of chemical products, +4.3; and for the production of basic pharmaceutical products and pharmaceutical preparations, up 4.2%.

Compared to last year we can instead see a fall of 15.7% of mining and a sharp decline for the production of textile, apparel, leather and accessories, down 3.3%. Falls, in this case 1.4%, electricity, gas, steam and air.

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