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Industry beyond expectations (+ 1.6%) in April

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Industry beyond expectations (+ 1.6%) in April

Industrial production does not stop, which in April grew beyond expectations in both economic and trend terms, driven by textiles-clothing and pharmaceuticals.

In fact, Istat estimates that the seasonally adjusted index will increase by 1.6% compared to March, while analysts’ expectations assumed a decline. On the average of the February-April period, the level of production increased by 2.0% compared to the previous three months. + 1.6%) and energy (+ 1.4%), while capital goods are stable.

Adjusted for calendar effects, in April 2022 the overall index increased in trend terms by 4.2% (19 calendar working days were compared to 21 in April 2021). Significant increases characterize consumer goods (+ 11.3%) and energy (+ 4.7%); more contained is the growth for intermediate goods (+ 2.6%) and capital goods (+ 0.7%).

In both monthly and annual terms, this is the third consecutive increase for industrial production.

The sectors of economic activity that record the largest trend increases are the textile, clothing, leather and accessories industries (+ 23.4%), the production of pharmaceutical products (+ 19.8%) and the manufacture of coke and petroleum products. refined (+ 9.4%). Trend downturns are recorded only in metallurgy and manufacture of metal products (-2.3%), in the manufacture of chemical products (-1.5%) and in the manufacture of means of transport (-0.7%).

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