ROME (ITALPRESS) – The Confindustria Study Center reported an increase in industrial production of 0.4% in May to April, when it had advanced by 0.3% compared to the previous month. The variation acquired in the second quarter is + 0.5%, after + 0.9% in the first. Production, net of the different number of working days, increased both in May (+ 22.6% compared to the same month of 2020) and in April (+ 73.2% over twelve months). Orders in volume advance in May by 1.3% on the previous month (+ 33.8% on May 2020) and in April by 1.0% on March (+ 76.0% annually). “The wide trend variations are explained by the comparison with the initial months of the pandemic, when the activity – even in a large part of the industry – was stopped throughout the country by restrictive measures introduced to block the spread of the virus – he underlines the Csc -. The economic context is showing a rapid improvement, in line with the good performance of the vaccination campaign and the reduction of the contagion curve which has determined the relaxation of the limitations on the activities in the services and the movement of people. , demand (both domestic and foreign) is showing signs of acceleration, providing support to industry activity “. The production sector of capital goods is the one that shows the best prospects. The confidence of manufacturing entrepreneurs in May rose to the highest levels since the autumn of 2017, supported by a recovery in demand which, according to the survey, is faster than expected: in the face of a clear improvement in assessments and expectations on production and orders , ISTAT, in fact, found a quick decumulation of warehouse stocks. Their reconstitution will make an important contribution to the dynamics of industrial activity in the coming months. Furthermore, the increase in demand is generating pressure on production capacity (the degree of utilization of the plants is still about two points lower than pre-covid levels) and this heralds an expansion of the workforce. According to the IHS-Markit survey on manufacturing, the employment level indicator has reached an all-time high. (ITALPRESS). sat / com 03-Jun-21 12:06
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