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the industrial production save the second flexion consecutive economic cycle, after the increases at the beginning of the year. for April 2019 Istat reports a decline in 0.7% since March. Also on a base annual there is a contraction of the1.5% correct index for calendar effects. Dragging production down is first and foremost automotive industry which decreases in April from 17.1% compared to the same month in 2018. In the first four months of the year for the sector, a cumulative contraction of 14.7%. Istat also points out that "despite the slowdown in April, economic change has occurred quarterly basis is maintained positive". Production from February-March-April marked a + 0.7% compared to the previous three months.
The decline in industrial production in April also affected the Germany, where it was much worse, with a cyclical contraction of the1.9% and a year-on-year decline in1.8. In Italy, with regard to the collapse of the automobile sector, the index has only been rising since March. energy sector (+ 3.6%), while capital goods declined by -2.5%, intermediate goods by -0.7% and consumer goods by -0.5%.
Compared to April 2018, are declining 13 sectors out of 15 which corresponds to a weight of almost 80% l & # 39; industry. Only the offer of a trend increase energy electricity, gas, steam and air (+ 5.8%) and industries food, drinks and tobacco (+ 4.9%). The largest inflections are recorded in industries textiles, clothing, leather and accessories (-8.2%), in the manufacture of coke and products oil refined (-7.4%), in that of machinery and equipment no. (-6.2%) and means of transport (-6.1%).
Comment from Istat: "The tendency to bend (net of calendar effects) is widespread in the evolution of the sectors.food and the energy supply they contrast with the negative dynamics of other sectors, both of which translate into sustained growth on an annual basis ".
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