After the standstill occurred in April, industrial production returned to growth in May, marking + 0,7% compared to the previous month. This was noted by ISTAT, pointing out that the index adjusted for calendar effects increased by 2,1% compared to May 2017 and that all the main groupings of industries recorded a positive result, with the capital goods that continue to stimulate the growth both on an annual basis and compared to April.
On average for the first five months, production grew by 2,8% on an annual basis. On average in the March-May quarter, Italian industrial production decreased by 0,4% compared to the previous quarter. In May, the monthly seasonally adjusted index shows cyclical growth in all sectors, with positive changes for energy (+ 1,2%), intermediate goods (+ 0,9%), capital goods (+0,4%) and consumer goods (+ 0,2%).
The correct indices for the calendar effects recorded positive trend variations in all groupings in May 2018: the increase in capital goods (+ 3,1%), energy (+ 2,2%) and consumer goods (+ 2,1%). The manufacturing sectors with the highest annual growth are: manufacture of electrical and non-electric household appliances (+ 7,3%), production of basic pharmaceutical products (+ 6,6%) and machinery and equipment (+5,1%).
Data confirm the objectives set by the Industry 4.0 Plan which is really working as proved by the results gathered in the last few months.