Monday, October 22, 2018
 

Monthly GDP: May 2017

Industrial production strenghtens in Q2

Industrial production (IP) rose by 0,7% m/m in May, offsetting the slight decline recordered in April. The growth was broad-based and strongest in capital goods, which rebounded strongly at 2.3% m/m, while energy dropped -1% on the month. Manufacturing sentiment remained broadly stable at 55.2 in June, underpinned by buoyant foreing orders with positive effects on employment perspectives. With the Q2 manifacturing PMI average at 55.5, the highest in the last six years, PMIs point to a solid contribution of the industrial sector to GDP growth in the next months. The new GDP estimate for May prints a moderate m/m profile (+0.08% m/m) with year on year growth strenghtening at +1.4%.

Data and comment

Previous releases
Methodological note

 

Tags: , ,

Comments

No comments so far.
  • Leave a Reply
     
    Your gravatar
    Your Name
     
     
     
     
     
 
About us

Why was born webmagazine of Economics Tor Vergata University Foundation Ceis..

more »
Help & Support

Problems with the website?
Contact the webmaster. .

webmaster@poeco.uniroma2.it
Contacts

Via Columbia, 2
00133 Roma
Tel.: 06 72595570/5533
Fax: 06 72595569
segreteria.fondazione
luigi.paganetto