Italian industrial production, Growth in April and May 2021, Low inventories and accelerating demand.

Italian industrial production is expected to further increase in the spring months, after the recovery already recorded in the first quarter (+ 0.9%).

After the retreat registered by ISTAT in March (-0.1%), in April and May the activity advanced at a moderate pace (+ 0.3% and + 0.4% respectively), supported by both components of the application.

Entrepreneurs show greater optimism: the confidence index rose in May to its highest levels since the autumn of 2017, in line with the improvement in the health crisis and the relaxation of restrictions.

Low inventories and accelerating demand herald further recovery of activity also in the summer months.

03 June 2021

Source Confindustria Study Center