“The stabilization of retail sales, the improvement in expectations of job demand from businesses and the confidence of households and businesses contribute to determining favorable prospects for the coming months”. Istat notes this in the monthly note on the performance of the Italian economy in April.
In March, the seasonally adjusted index of industrial production decreased by 0.1% compared to February. Istat estimates it. Corrected for calendar effects, in March the overall index increased in trend terms by + 37.7% (there were 23 calendar working days against 22 in March 2020), a “very strong increase – explains Istat – due to the comparison with the exceptionally low levels of the corresponding month last year, when the first measures to close various activities were adopted, due to the health emergency “. The crude index marks + 40.9% on March 2020.
The level of the seasonally adjusted index of industrial production (decreased by 0.1% compared to February), highlights Istat, “remains 1.2% lower than the value recorded in February 2020, the month before the start of the pandemic “.
On average in the first quarter, the level of industrial production grew by 0.9% compared to the previous three months. “In the average of the first quarter of this year – explains the Institute of Statistics – we can observe a moderate economic recovery of industrial production: the consistent growth observed in January was followed, in the following two months, by a substantial stationary”.
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