It is the first downward trend of 2016 and comes after the recovery registered in April: according to Istat, in May, industrial production decreased by 0.6%, both on a monthly basis, both on an annual basis. It is the worst economic downturn since last February (when it was recorded a -0.8% compared to January), but average for the first five months of the year -Respect variation to the same period predecente – remains positive, with a + 1.5%.
May 2014 – May 2016, seasonally adjusted index (source: Istat)
looking at the sectors, continues the annual growth of sectors with greater technological contributions, such as the manufacture of transport equipment (+ 5.6%), that of computer, electronic and optical or electro-products (+4 , 3%), pharmaceuticals (+2.5). Still strong downward instead the mining industry (-13.5%) and manufacture of coke and refined petroleum products (-9.7%). To note the heavy decline of the textile sector, which in one year lost 6.5%.
“It is the worst economic downturn since last February but the average for the first five months of the change remains positive, however”
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The economic seasonally adjusted index variation is rather negative for all industrial sectors, with capital goods that lose the ’1.8%, intermediate goods 0.9% energy 0.6% and consumer goods 0.3%. In trend terms the correct indexes for calendar effects recorded in May 2016, only one increase in intermediate goods (+ 1.8%); instead decrease the energy (-5.9%) and to a lesser extent the groupings capital goods (-1.5%) and consumer goods (-0.7%).
fall recorded by Istat, while in itself not particularly negative, stands out because it comes after the good figure for April, when output growth was + 1.8% on an annual basis and + 0.4% on a monthly basis. Remain positive the average change in the first five months of the year, up 1.3% over the same period of 2015, and the March-May quarter, compared to last year, sees a substantial stability ( on average, 0.1%).
May 2014 – May 2016, percentage change on the same month last year, data adjusted for calendar effects (source: Istat )
Concerned about the first comments to spread data this morning, with the national Union Secretary consumers, Massimiliano Dona, who warns: “Until that families not again to consume, the production may not rise. That’s why we need a tax reform. Significantly, the gap that exists between the rise in consumer durables, which recorded a 1.4% increase in data adjusted for calendar effects and non-durable consumer goods, which go down by 1.1% ». This figure shows, according to Dona, that “only the wealthier families have returned to buy, and only because after eight years of failed purchases, from 2007 to 2014, there is a need to renew the park of durable goods, such as cars and appliances “.
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