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- Italy's industrial sales declined in May - Istat
Italy's industrial sales declined in May - Istat
According to the report from Istat, in May 2021 estimates for seasonally adjusted index of industrial turnover decreased by 1.0% in the month on month series (-1.9% in the domestic market and +0.7% in the non-domestic one); in the three months to May 2021 total industrial turnover levels increased by 4.7% when compared with the previous three-month period (+5.4% in the domestic market and +3.2% in the non-domestic one).
Year on year the calendar adjusted industrial turnover index grew by 40.2% comparing to May 2020 (+41.0% in the domestic market and +38.6% in the non-domestic one). Calendar working days in May 2021 were 21, one more than May 2020.
Looking at the volume of turnover for the manufacturing sector, the seasonally adjusted index contracted by 1.4% in May 2021, while the calendar adjusted one rose by 33.8% compared with the same month of the previous year.
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