Italy’s industrial turnover growth accelerates in April

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People walk near the Colosseum in Rome, Italy, March 8, 2020. A total of 6,387 people have tested positive for the coronavirus in Italy since the epidemic first broke out here over two weeks ago, the Civil Protection Department said Sunday. In addition, 366 people have died and 622 recovered, Civil Protection Department Chief Angelo Borrelli told reporters at a televised press conference. (Photo by Alberto Lingria/Xinhua)
People walk near the Colosseum in Rome, Italy, March 8, 2020. A total of 6,387 people have tested positive for the coronavirus in Italy since the epidemic first broke out here over two weeks ago, the Civil Protection Department said Sunday. In addition, 366 people have died and 622 recovered, Civil Protection Department Chief Angelo Borrelli told reporters at a televised press conference. (Photo by Alberto Lingria/Xinhua)

Italy’s industrial turnover increased at the fastest pace in eight months in April, data from the statistical office Istat showed on Tuesday.

Industrial turnover grew 3.3 per cent month-on-month in April, following March’s 1.7 per cent increase.

This was the fastest growth since August 2020.

Domestic turnover advanced 4 per cent, faster than the 2.3 per cent growth posted in March.

Likewise, growth in foreign turnover improved to 1.7 per cent from 0.7 per cent.

Turnover of capital goods and energy grew 6.1 per cent and 4 per cent, respectively.

Intermediate goods turnover was up 3.3 per cent.

Meanwhile, consumer goods turnover was down 0.1 per cent.

On a yearly basis, industrial turnover surged 105.1 per cent after expanding 37.9 per cent in the previous month.

The annual growth was driven by the extremely low figure of April 2020.

Domestic turnover increased 114.7 per cent and foreign turnover expanded 87.8 per cent in April.

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