Italy's industrial production decreases at record level

# 11 May 2020 12:57 (UTC +04:00)

In March 2020 the seasonally adjusted industrial production index of Italy decreased by 28.4% compared with the previous month, APA-Economics reports citing a press release of the Italian National Statistical Institute (ISTAT).

The change in the first quarter of this year with respect to the previous one was -8.4%.

The calendar adjusted industrial production index decreased by 29.3% compared with March 2019 (calendar working days being 22 versus 21 days in March 2019).

The unadjusted industrial production index decreased by 27.1% compared with March 2019.

The pandemic emergency impacted on the data collection of the survey and a moderate loss in the responses rate was registered. Strategies implemented to deal with the missing responses allowed to calculate and release accurate indices for March 2020 (for further details see Methodological note, page 9).