Industry, production drops by 11.4% in 2020. The worst decline since 2009-

In December 2020, Istat estimates that the seasonally adjusted index of industrial production will decrease by 0.2% compared to November. Adjusted for calendar effects, the overall index decreases in the annual comparison by 2.0% (there were 21 calendar working days, compared to 20 in December 2019). On average in the fourth quarter of 2020, the decrease of 0.8% compared to the previous quarter. 2020 – explains Istat – closes with a decrease of 11.4% compared to the previous year, the second worst result since the beginning of the historical series, after the fall recorded in 2009.

The extended flexion to all major clusters of industries and, in the case of consumer goods, the largest ever recorded. The gradual recovery after the collapse of March and April has suffered a setback in recent months, preventing the return to production levels prior to the health emergency: in fact, the seasonally adjusted index is on average in the fourth quarter – reports Istat , still 3.1% lower than in February 2020.

The seasonally adjusted index monthly shows a sustained cyclical increase for energy (+ 1.8%) and a more modest increase for intermediate goods (+ 1.0%), while decreases characterize capital goods (-0.8%) and, in more limited measure, consumer goods (-0.3%).

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