ROME (ITALPRESS) – In July, industry turnover, net of seasonal factors, is estimated to decline in cyclical terms by 0.4 percent in value and 0.3 percent in volume. There were increases in the domestic market (+0.5 percent in value and +0.2 percent in volume) and declines in the foreign market (-2.4 percent in value and -1.3 percent in volume). For the service sector, an increase of 1.9 percent in value and 1.8 percent in volume is observed. This is announced by Istat. As for seasonally adjusted indexes of turnover in value referring to the main industry groupings, in July there is a cyclical increase only for energy (+3.3%), while consumer goods (-0.2%), intermediate goods (-0.6%) and capital goods (-1.8%) are down.In the May-July 2024 quarter, in cyclical terms, industry turnover, net of seasonal factors, shows a decline in both value (-1.9%) and volume (-1.6%). In the same time frame, services turnover increased in value (+0.4%) and declined slightly in volume (-0.1%).On a trend basis, in July 2024, industry turnover, adjusted for calendar effects, recorded a decline in both value (-4.7%) and volume (-3.9%), a summary of declines of 4.7% in the domestic market (-4.3% in volume) and 4.6% in the foreign market (-3.1% in volume). There were 23 calendar working days compared to 21 in July 2023.As for calendar-adjusted indices of turnover in value referring to the main industry groupings, there is a marked decline for capital goods (-11.3%) and smaller declines for intermediate goods (-2.6%), consumer goods (-1.4%) and energy (-0.5%). In services, there were trend increases of 4.4 percent in value and 2.3 percent in volume. “In July 2024, the phase of weakness in industry in the narrow sense continued, with the third consecutive month of cyclical decline in turnover, both in value and volume,” Istat comments. “On the contrary, in the services sector a widespread recovery is observed, after two months of decline, more robust in the transport and storage sector and in professional, scientific and technical activities. Also in trend terms and net of calendar effects, the trends are differentiated between the two macro-sectors, with continued weakness in the industrial sector and a positive trend for services.”
– Istat press office photo -(ITALPRESS).
