Industrial production in the first 8 months of 2021 grew by 16.1% compared to the same period of 2020. These are the new data released by Istat, which also recorded a decrease of 0.2% compared to July. Between June-August, the level of production grew by 1.1% compared to the previous three months. Compared to August, the production is unchanged.
The Italian statistical institute explains that the monthly seasonally adjusted index grows on a cyclical basis for capital goods (+ 0.8%), while it decreases for energy (-2.1%), consumer goods (-2 , 0%) and intermediate goods (-1.3%). Net of calendar effects, in August 2021 the production was unchanged compared to the previous year (the calendar working days were 22 compared to 21 in August 2020). Intermediate goods (+ 4.9%) and capital goods (+ 4.4%) grow. Consumer goods (-5.4%) and energy (-6.6%) decreased.
Positive values for metallurgy (+ 16.6%), machinery production (+ 10.3%) and electrical equipment manufacturing (+ 6.3%). On the other hand, the data referring to the means of transport sector declined (-23.7%).
The chip crisis affects the global automotive industry and does not spare our country: the production of motor vehicles in August fell by 37.4% in Italy. In July, the decline was 7.4%. On an annual basis, the production of motor vehicles had gained momentum: growing by 43% compared to the first eight months of 2020.
In July, when the shortage of semiconductors had not made itself felt so sensitively, the industrial production of motor vehicles in the first 7 months was up by 50.2% compared to the same period of 2020. For the production of motor vehicles there was no he only means that of self: this data is the synthesis of 6 macro-products. They are cars, buses, trucks, campers and mobile cranes.
The production of pharmaceutical preparations (-20.9%) and mining activities (-17.7%) also fell.