Starts industrial production: + 1.1% in July, up 2.7% on year – Il Sole 24 Ore

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This article was published September 11, 2015 at 10:25.
The last change is the 11 September 2015 at 14:32.

New positive signals from Italian. Industrial production in July marked an increase of 1.1% from the previous month, when it had fallen by 1.1% cyclical. Istat reports it is the best result since June 2014. Compared with July 2014, witnessing a growth of 2.7%, compared with a decrease trend by 0.3% in June.

The new data, in addition to other encouraging indicators on consumption, increase the likelihood that the estimates of GDP growth for the current year to be revised slightly higher. So far the latest official government estimates, which date back to April, expected GDP growth of 0.7%, estimates that could now be raised by one or two decimal places. “These figures are very positive – said Loredana Federico, economist at UniCredit – in line with the latest information reaching us from the world of business. After a long decline, the industry can start growing again grace the increase in domestic demand and the estate of the foreign. “

In the middle of the quarter from May to July 2015, the production grew by 0.5% against the previous quarter. On average for the first seven months of the year the increase was 0.7% compared to the same period last year. The growth of industrial production in all the main sectors: in July the seasonally adjusted index has positive short-term changes in all groupings. Increase, in fact, energy (+ 7.1%), consumer goods (+ 1.0%), intermediate goods (+ 0.6%) and capital goods (+ 0.3%). On-year 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%).

As regards the sectors of economic activity, in July 2015 the sectors that have the greatest growth trend are those from the manufacture of transport equipment (+ 20.1%), the supply of 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%).

And the car production in Italy continues to score double-digit increases. Istat recorded in July an increase of 44.9% over the same month last year. On average for the first seven months of the year the increase in production is 44.2%.

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