Industry, in the 4th quarter production rises again: + 0.1% October, + 0.2% November

In the 4th quarter of 2021, Italian industrial production would be continuing the growth trend already observed during the year, albeit at a less sustained pace. The Confindustria Studies Center notes that in its Rapid Survey on industrial production, released today, highlights that the increases in October (+ 0.1%) and November (+ 0.2%) would imply an acquired quarterly variation of 0.2% , a slower pace than that observed in the first three quarters (respectively + 1.5%, + 1.2% and + 1.0%). The CSC explains that the reasons for this trend are partly attributable to a physiological slowdown (Italy is the one that among the large European economies in September was better positioned than in the pre-pandemic period, + 1.5% compared to February 2020 , while Germany and Spain have not yet closed the production gap), partly due to the emergence of production limiting factors, such as the scarcity of some components and raw materials, the greater use of inventories, the production slowdown of the main commercial partners and to the greatest degree of uncertainty. The companies interviewed by the CSC reported an increase in industrial production of 0.1% in October compared to September and 0.2% in November. In October and November, the activity levels of Italian companies remained in both months. more than 1% higher than the average for the first nine months of the year. The seasonally adjusted volume orders would have increased by 0.6% and 0.5% monthly, respectively, according to the survey.