“In June 2023, the seasonally adjusted index of industrial production is expected to increase by 0.5% compared to May.” This was announced by Istat, explaining that “the seasonally adjusted monthly index includes cyclical increases for capital goods (+1.5%), intermediate goods (+ 0.4%) and energy (+0.3%); in consumer goods, on the other hand, a slight decrease was observed.” (-0.1%)”. In addition, the overall index in June “adjusted for calendar effects” tended to decrease by 0.8% (there were 21 calendar working days as in June 2022). Only Capital goods grew (+7.6%), while consumer goods (-2.3%), intermediate goods (-4.4%) and energy (-9.4%) decreased.”
With the exception of the consumer goods industry, the positive trend extends to almost all sectors. However, overall economic development remained negative on average in the second quarter. Adjusted for trend and the calendar, the overall index fell in June. With the exception of capital goods, which grew steadily, the decline extended to the most important industry groups and was particularly pronounced in the energy sector.
“On average, production levels fell by 1.2% in the second quarter compared to the previous three months.”
The industries include the manufacture of means of transport shows a broad growth trend (+25.1%), followed by the production of pharmaceutical products Basic and pharmaceutical preparations (+11.8%) as well as the manufacture of Machinery and equipment (+0.4%).
The largest decreases were recorded in the wood, paper and printing industries (-14.6%), in the manufacture of chemical products (-13.3%) and in the manufacture of coke and refined petroleum products (-12.9%). .