Thursday, June 23, 2016

Grows the Italian industry, but prospects remain uncertain – The Republic

MILAN – Mixed signals by the Italian industry, which according to Istat has managed to expand the turnover of 2.1% per month in April, confirming the good time in domestic demand (+ 3.1%) and the slowdown in demand for Made in Italy beyond the borders (+ 0.2%). Even orders to factories tricolor showed an increase compared to March (+ 1%), but in this case you can read an internal weakness in the fact that domestic orders were down 3.9%, while exports rose 8.1%.

“on average the past three months,” details the Mayor in his note, “the overall turnover index shows a slight decline (-0.2%) compared to the previous three months (-0.3% for domestic sales and -0.1% for the foreign market). net of energy there was an increase of 0.5%. “

dynamics also in chiaroscuro in the variation annually, but it has some exceptional items. Correcting the data for working days difference between April last year and that of 2015, “the total revenue recorded a positive change in trend terms by 0.1% (+ 0.1% on the domestic market and -0.1% on the foreign one) “. Well, in particular, energy. The raw index falls instead of 3%. not even a sign for crude orders index, which falls well 11.3 percentage points in comparison with April of last year. In this case weighs the comparison of means of transport, which suffer a 29.4% especially for the sector of “other means of transport.” It is, however, very unstable items, the performance of which can be determined by individual orders. The Institute does not specify the particular case, but at the end of March 2015 – just as an example – Fincantieri announced a maxi-agreement with Carnival for five cruise ships. Clearly, if this billionaire order had been recorded in a few days, it would represent a variable on the specific gravity sufficient to justify on its own a good part of the collapse in April 2016, when that order has failed.


Growing the Italian industry, but the  outlook remains uncertain

Topics:
industry
sales industry
orders industry
istat
Starring:
LikeTweet

No comments:

Post a Comment