Sunday, September 13, 2015

Istat. Industrial Production: + 1.1% in July. Enterprise: “Industrial production drugged by the auto industry” – News Free

Rome, 13 September 2015 – Increase the industrial production in July 2015. This was announced by ISTAT, the National Statistics Institute, with a note to the effect that the seasonally adjusted index of industrial production has increased of ‘ 1.1% compared to June. On average for the quarter from May to July 2015, the production grew by 0.5% against the previous quarter.

 

 

“Adjusted for calendar effects, in July 2015 the index rose in trend terms by 2.7% (working days were 23 as at July 2014). On average for the first seven months of the year, production increased by 0.7% over the same period last year. “The statement said Istat.

Increase industrial production in all major sectors: energy (+ 7.1%), consumer goods (+ 1.0%), intermediate goods (+ 0.6%) and capital goods ( + 0.3%). “In terms of trend indices corrected for calendar effects recorded in July 2015, a sharp increase in the energy sector (+ 10.7%) mainly due to climatic factors; also increase capital goods (+ 5.3%) and consumer goods (+ 1.8%) while intermediate goods mark the only negative change (-1.3%). “continues the statement.

“As for the economic sector, in July 2015, the sectors that registered the greatest growth trend are those the manufacture of transport equipment (up 20.1%) , the supply electricity, gas, steam and air (+ 12.0%) and manufacture of coke and refined petroleum products (+ 11.7%). The largest decreases are recorded in the sectors of mining (-5.0%), metallurgy and manufacture of fabricated metal products, except machinery and equipment (-2.4%) and manufacture of electrical equipment for domestic use no electricity (-0.8%). “the statement concludes.

Criticism businesses. Enterprise reports that “The growth in industrial production registered in July is” doped “by an increase, probably not be repeated in the medium to long term, the auto industry. From July 2014 to July 2015, the automotive industry has risen even more than 20% pushing the total industrial output of 2.7%. Without this boom in manufacturing of transport equipment – due to the increase in registrations of new vehicles of the last few months, it came after a long break in purchases by citizens and businesses – industrial production would remain at levels much lower. So the Centre for the Study of Unimpresa analyzing data Istat industrial production. “

The president of Unimpresa, Paul Lombard said:” The numbers are to be read to the end and before cheering as if we were now out crisis and recovery in full must think. The growth of the car is important, even for all induced that the sector generates, but the growth recorded is certainly the result of stoppages in 2014 and previous years. That’s why the government Matteo Renzi must push all the Italian economy and has to do with a serious plan aimed at reducing the tax burden: in a few weeks we will know the contents of the stability law, and then we’ll see if the promises are kept “.

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