Y-o-Y industrial production growth rate in Italy 2020, by industrial groupings

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

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Source

Release date

September 2020

Region

Italy

Survey time period

March to July 2020

Supplementary notes

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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