After the collapse of March 2020, the rebound was a foregone conclusion. Perhaps not in this size, however, with industry revenues catching up well beyond the gap dug 12 months earlier.
If at that time, in fact, the drop in turnover had been 25 points in trend terms, now the gain is much higher, an increase of 38% which represents a decisive turning point compared to the weak data of the first two months.
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Recovery which Istat also recorded on a cyclical basis, an increase of 1.6%, resulting from growth in both markets (+ 2.0% in the domestic market and 0.6% in the foreign market). In the first quarter the overall index marks an increase of 3.5% compared to the last quarter of last year (+ 3.3% on the domestic market and + 3.7% on the foreign market).
The economic recovery thus brings the revenue index (109.8) close to the levels of January 2020, in the pre-Covid era.
With reference to the main groupings of industries, capital goods (+ 3.0%), intermediate goods and energy (+ 2.3%) grew, while consumer goods recorded a decline of 0.8%.