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Industria returned to growth in 2015 after three years in the red

This was revealed by Istat reporting that the car (+10,5% year on year) was the driving force. There was also a strong increase in orders (+5,2%) over the course of last year. However, the month of December marks a slowdown in orders and turnover

Industria returned to growth in 2015 after three years in the red

Grows, after three years of red, the industry turnover in 2015 and marks an increase of 0,2%, the result of a decline of 0,2% on the domestic market and an increase of 1,2% on the foreign market. The most important contribution to this growth comes from capital goods, an indication that companies are investing to cope with an increase in production. This was revealed by Istat which released the data on turnover and orders which, looking at the whole of 2015, mark a rise of 5,2% (raw data), the strongest since 2010. Istat underlines how the result is the result of a +8,6% recorded for national orders, while foreign orders recorded a less significant increase (+0,7 %).

 However it is right from the orders, in monthly slowdown in December but up 1,5% compared to 2014, which is the measure of the weaknesses that still persist in the drive towards recovery. In fact, in the last month of 2015 they marked a cyclical decrease of 2,8%, the synthesis of a 4,8% decrease on the domestic market and an increase of 0,2% on foreign markets. The most significant increase was recorded in the manufacture of electronic products, while the greatest decrease is observed in the manufacture of means of transport (-15,4%).

In December, the turnover of industry, net of seasonal factors, also recorded a decrease of 1,6% compared to November (-1,7% on the domestic market and -1,4% on the foreign market).

In the last three months of last year, the overall index recorded a drop of 0,1% compared to the previous three months (-0,3% for domestic turnover and +0,6% for foreign turnover). The negative dynamics of the sales of energy products weighed on the quarterly decline, net of which the turnover grew overall (+0,5%).

Corrected for calendar effects (the working days were 21 against 20 in December 2014), the total turnover decreases in tendential terms by 3,0%, with a decrease of 2,7% on the domestic market and of 3,2 % on the foreign one.

In December, the seasonally adjusted turnover indices show cyclical downturns for energy (-4,6%), capital goods (-2,2%), intermediate goods (-1,2%) and consumption (-0,7%).

The raw turnover index grows, in trend terms, by 0,2%: the largest contribution to this increase comes from the internal component of capital goods.

The most significant trend increase is recorded in the manufacture of means of transport (+10,5%), while the greatest decrease concerns the manufacture of coke and refined petroleum products (-17,2%).

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