Istat, industrial growth slows down in September
TO September the seasonally adjusted index of industrial production increases by 0.1% compared to August. On average in the third quarter, the level of production grew by 1.0% compared to the previous quarter. The photograph comes directly from Istat.
The monthly seasonally adjusted index shows a economic increase sustained for consumer goods (+ 3.3%) and more contained growth for energy (+ 1.3%) and intermediate goods (+ 0.9%); conversely, a decrease was observed for capital goods (-1.0%).
Net of calendar effects, in September 2021 production increases on an annual basis by 4.4% (the calendar working days were 22 as in September 2020). There are marked trend increases for intermediate goods (+ 7.1%), capital goods (+ 4.9%) and consumer goods (+ 4.5%); On the other hand, the energy sector decreased (-4.2%).
THE sectors of economic activity that register the trend increases higher are the manufacture of coke and refined petroleum products (+ 13.3%), the manufacture of machinery (+ 11.4%) and metallurgy and the manufacture of metal products (+ 9.6%). Trend downturns are recorded in the manufacturing of means of transport (-11.7%), in mining activities (-6.3%), in the supply of electricity, gas, steam and water (-5.0%) and in manufacturing of computers and electronics products (-0.3%).
Industry, Codacons: “The slowdown in growth will deal with the alarm on bills”
“Istat data on industrial production in September show a slowdown in the growth of the sector, confirmed by the quarterly trend which, according to the statistical institute, in the third quarter of the year recorded a lower growth than in the previous quarters “, said the Codacons in a note commenting on the data released by ISTA.
“The Italian industry – adds the president of the association, Carlo Rienzi – will have to deal with the bill alarm triggered in October, and with the crisis in raw materials and fuels which is leading to increases in price lists in all sectors. Our fear is that in the next few months the industrial sector may face a sudden slowdown, also due to lower consumption by households who, in the face of the sustained growth in retail prices, will cut spending “, concludes
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