According to the Institute of Statistics, the crude index relating to the industrial production of cars showed a decrease of 14,9% on an annual basis – The figure corrected for calendar effects indicates a contraction of 18,1% on an annual basis – Considering the first four months of the year, the drop is 10%.
The industrial production of cars in Italy collapses. According to the raw index surveyed by Istat, in the month of April the decline was 14,9% year over year, while the decline in the first four months of 2013, again on a trend basis, reached 10%.
The index corrected for the effects of the calendar, on the other hand, shows an annual drop of 18,1% in April, and of 10,9% on average for the first four months of the year.
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