Industry: -0.7% in July, less favorable expectations

2021-08-07T10:32:09.302Z

"The recovery of industrial production stops in July (-0.7%) after the rebound in June (+ 1%)" notes the Confindustria Study Center which records "less favorable expectations". And he warns: even if "the economic indicators relating to the third quarter continue to indicate a positive trend in industrial activity, with orders on the rise (especially in the domestic component) and favorable production expectations", "it is not excluded that in the months in the summer, a slowdown is observed compared to the dynamics recorded in spring ". And "it is not excluded that in August there will be a first repercussion on the confidence of businesses and households".