Italy faces a slight drop in its industrial production

Italy faces a slight drop in its industrial production
Italy faces a slight drop in its industrial production

In a report published this Monday on its official website, Istat points out that in capital goods a drop of 0.1 percent was recorded, while in intermediate goods the reduction reached a percentage of 1.2 points and in energy The decrease was even greater, reaching 2.1 percentage points.

On the other hand, during the period from February to April 2024, a drop in the production level of 1.3 percent was recorded compared to the previous three months.

During the fourth month of the current year, the general index registered a decrease in trend terms of 2.9 percentage points and the downward figures characterized all sectors, with a less pronounced reduction in the case of intermediate goods, of 2.9 percentage points. 1 percent. However, the reduction was more significant in capital goods, energy and consumer goods, with negative percentages of 3.1; 3.6 and 3.9 points, respectively.

The sectors of economic activity that registered the greatest trend increases were the production of basic pharmaceutical products and pharmaceutical preparations, with an increase of 4.4 percentage points, as well as the food, beverage and tobacco industry, in which the increase reached 2.1 percent

The most pronounced declines were recorded in the textile, clothing, leather and accessories industries, with a drop of 13.3 percent, as well as in the manufacture of means of transportation, where the reduction reached 9.3 percentage points. .

In summary, Istat experts consider in this analysis that in April 2024, for the second consecutive month, a cyclical decrease in the seasonally adjusted industrial production index was recorded, as well as that the general economic trend also fell on average in the last three months. , add the source.

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