Industrial production, August ‘cold’. Continues the boom in car – AGI – Agenzia Journalistic Italy

October 9, 2015 14:08

(AGI) – Rome, Oct. 9 – August ‘cold’ for industrial production, while continuing the boom in car. According to Istat production falls by 0.5% compared to July, and while ‘rising on-year (+ 1%). Average of June to August marked no change against the previous quarter. In the first 8 months and ‘increased by 0.8% over the same period last year. The seasonally adjusted index shows negative changes in the groupings of energy (-4.3%), consumer goods (-0.7%) and intermediate goods (-0.4%) and capital goods marked a change nothing. On-year indices corrected for calendar effects recorded in August 2015, increases in the sectors of capital goods (+ 3.9%) and energy (+ 3.2%); decrease instead intermediate goods (-1.8%) and consumer goods (-1.3%). As for the sectors of activity ‘economic, in August 2015, the sectors that registered the greatest growth trend are those from the manufacture of transport equipment (+ 15.5%), manufacture of coke and refined petroleum products (+9, 7%) and the manufacture of electrical and non-electrical household equipment (+ 6.9%). The largest decreases are recorded in the fields of manufacture of computer, electronic and optical products, medical equipment, measuring instruments and clocks (-10.0%), other manufacturing industries, repair and installation of machinery and equipment (-9, 5%) and the textile, clothing, leather and accessories (-8.5%). Car production in August increased by 48.8% over the same month of 2014, continuing the series of double-digit increases started late last year. In the first eight months, the increase and ’44.5%.
According Paolo Mameli, senior economist of management Studies and Intesa Sanpaolo, the decline in industrial production in August, “not’ disturbing and does not change the backdrop to the Italian economy. ” It provides for “a rebound in September, probably entities’ higher than the drop recorded in August.” Correction, explains the analyst, “after the July increase was expected and is’ turned about in line with expectations (while Germany and France have seen significant surprises, opposite).
other words, there seems (unlike, for example, that for the given German) a signal of weakening of growth in relation to the effects of the lower strength of global demand “. For consumers, however the data “is not surprising at all, and does nothing but prove all the uncertainty and instability ‘of what many, prematurely, are quick to call recovery.”