Italian industry in braking, with falling sales and orders in May – The Republic

MILAN – The Italian industry slows in May and gives greater weight to the fears of the main observers who see a slowdown in the Italian shoot, which like all European economies will suffer even more for the uncertainty linked to Brexit. The Istat data say that in May, compared to the previous month, the industry they fell both in revenues (-1.1%) and orders (-2.8%). “The decline in turnover shows similar trends both on the domestic market (-1.1%) and in the foreign market (-1.2%). The decline in orders is mainly due to the foreign market (-5.7%), while the internal registers a smaller decrease (-0.6%). ” They take the body to forecasts released just yesterday by Confindustria study center, for which the Italian GDP in the second quarter rose 0.15% against the 0.25% estimated “and will” not much more lively in the third. “ Only a few days ago it was the turn of the IMF lowered its estimates for Italian growth in 2016, below 1%.

Returning to Istat data, deeply negative balance even in comparison with last year: by correcting the data to take account of the fact that the working days were 22 (against the May 20, 2015), total revenue was down by 2.7%, with a reduction of 2.5% on the domestic market and 3.0% in the foreign market. the raw index of turnover is rather up 3.6% trend. Whether it’s a now brake in place by which time you see even by the average of the last three months since, where the total turnover index decreased by 0.3% compared to the previous quarter (-0.4% for the domestic market and -0.1% for the foreign one), while that of orders shows a decline of 3.1%.

Looking at individual sectors, for revenues the most significant year increase was recorded in other manufacturing (+ 10.1%), while the largest decrease in the manufacturing sector as the manufacture of coke and refined petroleum products (-22.7%). as for the orders, compared to May 2015, “the highest decline was observed in the manufacture of transport equipment (-29.9%), while the most significant increase was recorded in manufacture of computer, electronic and optical products (+ 13.0%)” .

Shy openings are gathered from another Istat note, which makes the picture on the foreign trade of June: compared with the previous month, exports show a slight increase (+ 0.3%) while imports were down (- 0.5%). the trade surplus (+3,462 million) is much bigger than that of the same month of 2015 (+2,052 million).

Topics:

industry

economic recovery

industry turnover

orders industry

istat

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