Global Analysis from the European Perspective. Preparing for the world of tomorrow

Italy’s Lockdown Drives Production Down 29.3% in March

Istat reports that Italian industrial production contracted by an eye-watering 28.4%% MoM in March (from -1.0% in February). The working day adjusted measure was down 29.3% YoY (-2.3% YoY in February). In both cases, they are the steepest declines since the current production series began in 1990. In a single month, industrial production has fallen more than over the entire 2008/2009 crisis. Source ING

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