(Teleborsa) – The situation of Italian industry is contrasted, with orders falling, confirming the difficult phase of the economy and growing turnover.
In July, compared to the previous month, industry recorded a 2,1% increase in turnover, while orders decreased (-10,8%). This was revealed by ISTAT which explains how the increase in turnover is due to the positive trend of the domestic market (+3,2%), while the foreign market remained stable.
On average for the last three months, the overall index decreased by 0,4% compared to the previous three months (-0,2% for domestic turnover and -0,9% for foreign turnover).
Corrected for calendar effects (there were 21 working days against 23 in July 2015), total turnover fell by 0,7% in trend terms, with a slight increase on the domestic market (+0,2%) and a decrease on the foreign market (-2,2%).
The seasonally adjusted turnover indices show cyclical increases for all the main groupings of industries, particularly relevant for capital goods (+4,7%) and energy (+3,8%).
The raw turnover index drops, in trend terms, by 6,7%. The largest negative contribution comes from the internal component of intermediate goods.
For manufacturing turnover, the most significant trend increase is recorded in the textile and clothing industries (+6,1%), while the greatest decrease concerns the manufacture of coke and refined petroleum products (-15,3%).
In comparison with the month of July 2015, the raw index of orders marks a drop of 11,8%. The most significant increase is recorded in electronic products (+20%), while the greatest decline is observed in the manufacture of means of transport (-35,6%) and in particular in the shipbuilding sector.
