Istat: trend of turnover and orders for the durable goods industry

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According to data published by Istat in October, the turnover of the industries that produce consumer durable goods overall grew by 2.7% in August 2013 compared to July of this year (seasonally adjusted data). Comparing instead the quarter from June to August 2013 with the previous three months, the turnover registered a growth of 1.2%. If we consider the data adjusted for calendar effects, the increase of turnover in August 2013 compared to the same month of 2012 was +1.7%, while the variation January-August 2013 versus January-August 2012 shows a decrease of 2%. Analysing the data relating to the manufacture of electrical and non-electrical equipment for domestic use, the Istat data show, in August 2013 compared to the same month of last year, a decline in turnover of 0.5% and a decline in orders equal to -6.7%. Observing the trend of the industry as a whole, in August 2013 the seasonally adjusted turnover index increased by 1% compared to the previous month (unchanged in domestic market and +3.1% in non-domestic market). The percentage change of the average of the last three months compared to the previous three months was +0.9% (+1.0% in domestic market and +0.7% in non-domestic one). Besides, in August 2013 the seasonally adjusted industrial new orders index increased by 2% with respect to July 2013 (+3.9% in domestic market and -0.5% in non-domestic market). The percentage change of the average of the last three months compared to the previous three months was +0.1% (+1.8% in domestic market and -2.2% in non-domestic one). With respect to the same month of the previous year the calendar adjusted industrial turnover index decreased by -4.8% (calendar working days in August 2013 being 21 versus 22 days in August 2012). In August 2013 the unadjusted industrial new orders index decreased by -6.8 per cent with respect to the same month of the previous year.

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