Industrial production -0.3% in May, but +1.1% year-on-year says Istat

In May, after three months of

quarterly increases, the seasonally adjusted index of industrial

production decreased by 0.3% from April, Istat said Friday.

Compared to the previous year, the calendar-adjusted index

increased by 1.1%.

Istat said that the quarterly decline was widespread across all

major industrial groups except energy.

On a year-on-year basis, however, "capital goods (+5%) grew

significantly, while energy (+1.9%) and intermediate goods

(+0.8%) grew less strongly," while consumer goods declined

(-3.2%).

Among sectors, transportation equipment manufacturing recorded a

+11.6%.

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