Italian industrial production index falls sharply in April

Italian industrial production index dropped 19.1 percent month-on-month in the month of April, according to the official statistics office ISTAT. The change of the average of the last three months with respect to the previous three months was -23.2 percent.

On a year-on-year basis, industrial production index fell 42.5 percent. The unadjusted industrial production index decreased 40.7 percent year-on-year in April.

The COVID-19 pandemic emergency impacted on the data collection of the survey and a moderate loss in the responses rate was registered. Strategies implemented to deal with the missing responses permitted to calculate and release accurate indices for April, stated ISTAT.