The volume of industrial production in Italy decreased in May this year by 1.5% compared to the previous month, when industrial production increased by 1.5%, according to Istat data.
Analysts, however, predicted an increase in industrial production by 0.3%, reports “Finmarket».
However, on an annualized basis, industrial production grew by 21.1% in May, excluding seasonal and calendar factors. The jump came against the background of a low base last year.
We also add that the Italian economy at the end of 2020 contracted by 8.8-8.9%, according to preliminary data from Istat.
At the same time, as noted by the leading economic newspaper il Sole 24 Ore, the annual figures were slightly better than those expected by the government, which assumed a drop by as much as 9%.
Istat predicts that Italy’s GDP will grow 2.3% in 2021, based on estimates of the last trimester of last year.
Source: Росбалт by www.rosbalt.ru.
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