In July 2020, the industrial production experienced a significant decrease compared to July 2019. More specifically, the manufacture of coke and refined petroleum products registered the largest drop (21.4 percent). However, compared to March 2020, in July 2020 the industrial production experienced a less hard decrease.
Italy's economy was particularly hit by the coronavirus pandemic. Indeed, Italy's GDP is going to drop consistently in 2020. Additionally, Italian exports are estimated to decrease by over 11 percent. However, both figures are projected to experience an increase in 2021.
Year-on-year (Y-o-Y) industrial growth rate in Italy in selected months between March and July 2020, by industrial groupings
(calendar adjusted)
March
June
July
Manufacture of transport equipment
-52.6%
-26.4%
-11.5%
Manufacture of textiles, wearing apparel, leather, and accessories
-51.2%
-26.7%
-20.6%
Manufacture of machinery and equipment n.e.c.
-40.1%
-14.4%
-7.7%
Manufacture of basic metals and fabricated metal products, except machinery
-37%
-16%
-10.5%
Manufacture of electrical equipment and of non-electric domestic appliances
-35.7%
-11.4%
-9.7%
Other manufacturing
-34.9%
-12.6%
-4.4%
Total
-29.3%
-13.7%
-8%
Manufacture of rubber, plastic products, and other non-metallic mineral products
-28.7%
-16.4%
-7.2%
Mining and quarrying
-21.4%
1.5%
-10.2%
Manufacture of computer and electronic products
-19.8%
-14.5%
-4.4%
Manufacture of wood, paper, and printing
-15.5%
-10.3%
-8.1%
Electricity, gas, steam, and air conditioning supply
-11.1%
-5%
-5.8%
Manufacture of chemical products
-11%
-12.7%
-9.2%
Manufacture of basic pharmaceutical products and pharmaceutical preparations
-9.1%
-6.1%
-1.4%
Manufacture of coke and refined petroleum products
-9%
-22.9%
-21.4%
Manufacture of food products, beverages, and tobacco
The indices are calculated with reference to the base year 2015 using the Ateco 2007 classification (Italian edition of Nace Rev. 2), index 2015=100.
The source adds the following information:
"calendar adjusted data refer to the correction for calendar effect in a reference period (month or quarter) that may vary from year to year. This method allows a reconciliation of asymmetries for calendar differences such as the number of working days, the week days distribution in the reference period and the occurrence of public holidays (including moving holidays like Easter) and of a leap year. Working day adjusted data permit to better compare year-on-year growth rate and average annual growth rate."
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Istat. (September 10, 2020). Year-on-year (Y-o-Y) industrial growth rate in Italy in selected months between March and July 2020, by industrial groupings (calendar adjusted) [Graph]. In Statista. Retrieved September 29, 2020, from https://www.statista.com/statistics/1097916/year-on-year-industrial-production-growth-index-by-industrial-groupings-in-italy/
Istat. "Year-on-year (Y-o-Y) industrial growth rate in Italy in selected months between March and July 2020, by industrial groupings (calendar adjusted)." Chart. September 10, 2020. Statista. Accessed September 29, 2020. https://www.statista.com/statistics/1097916/year-on-year-industrial-production-growth-index-by-industrial-groupings-in-italy/
Istat. (2020). Year-on-year (Y-o-Y) industrial growth rate in Italy in selected months between March and July 2020, by industrial groupings (calendar adjusted). Statista. Statista Inc.. Accessed: September 29, 2020. https://www.statista.com/statistics/1097916/year-on-year-industrial-production-growth-index-by-industrial-groupings-in-italy/
Istat. "Year-on-year (Y-o-y) Industrial Growth Rate in Italy in Selected Months between March and July 2020, by Industrial Groupings (Calendar Adjusted)." Statista, Statista Inc., 10 Sep 2020, https://www.statista.com/statistics/1097916/year-on-year-industrial-production-growth-index-by-industrial-groupings-in-italy/
Istat, Year-on-year (Y-o-Y) industrial growth rate in Italy in selected months between March and July 2020, by industrial groupings (calendar adjusted) Statista, https://www.statista.com/statistics/1097916/year-on-year-industrial-production-growth-index-by-industrial-groupings-in-italy/ (last visited September 29, 2020)
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