Industry, the monthly index only grows for energy. Down for consumer and capital goods
Industrial production under braking in the month of December in Italy: the seasonally adjusted index marks one point less than in November, although on the average for the fourth quarter the level 0.5% than the previous one.
The monthly seasonally adjusted index, reports Istat, grows on a cyclical basis only forpower (+ 0.1%), while it decreases for i intermediate goods (-0.5%), i consumer goods (-1.0%) and i capital goods (-2.2%). Adjusted for calendar effects, in December 2021 the overall index increased in trend terms by 4.4%.
Overall, “significant increases characterize consumer goods (+ 10.4%) el‘power (+ 8.9%); more contained is the growth for i intermediate goods (+ 2.1%) and capital goods (+ 0.3%). The sectors of economic activity that record the greatest trend increases are the production of basic pharmaceutical products and pharmaceutical preparations (+ 25.4%), the wood, paper and printing industry (+ 18.7%) and the fabbRecycling of coke and refined petroleum products (+ 16.5%). Pushups are recorded in the mining activities (-13.9%), in the manufacture of means of transport (-3.7%) and in the metallurgy and manufacture of metal products (-3.4%) “, remarked Istat.
“The 2021 closes with an increase compared to the previous year 11.8% compared to a decline of 11.4% in 2020 ”, comments Istat. “There annual growth is spread to all major companies raggroups of industries and is more marked for intermediate goods and capital goods. The seasonally adjusted level of the December index exceeds the value of February 2020 by 2.0%, the month before the start of the health emergency. Considering the economic trend of 2021, increases in the overall index were recorded in all four quarters, although gradually slowing down over the course of the year ”, concludes Istat.
In the end, Italy still does better than Germany. German industrial production, according to data released a few days ago by the national statistical institute, in 2021 grew by 3% compared to 2020 while it recorded a decrease of 5.5% compared to that of the pre-crisis year 2019. While in the month of December 2021, industrial production recorded a decrease of 0.3 compared to November. Compared to December 2020, the decrease was 4.1%.
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