Monday, October 26, 2020

July GDP is online

Monthly GDP: flat profile in May

In May, industrial production decreased (-0.6% m/m) more than expected. However, the outcome is in line with developments in the rest of Europe. All the main sectors posted a reduction with capital goods sector recording the worst performance (-1.8%). On the contrary, durable goods were the only component to rise (0.4%). Favorable signals on the economy were provided by the business climate indicator in the manufacturing sector and by export and import data in volume terms. The new GDP estimate for May points at flat m/m profile (-0.02% m/m) with year on year growth remaining at +0.8%.

The diffusion of the monthly GDP indicator by CEIS Tor Vergata Economics University Foundation is scheduled on the 16th of each month. Next release is foreseen for Friday the 16th of September.



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