Strong increases in the entire manufacturing production market

in Italy, according to the latest note

from Istat

: "In August 2022, industry producer prices increased by 2.8% on a monthly basis, and by 40.1% on annual basis ".

Energy costs weigh like a boulder:

Gas + 159.1%, electricity + 233.6%

.

And this - according to the Institute of Statistics - with "modest economic growth (+ 0.6%)".


In August

, Istat certifies an

overall increase in prices on the domestic market

"of 3.5% compared to July and 50.5% on an annual basis (it was + 45.9% in July)".

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Heavy industry raw materials - Steel

"Modest economic growth"


And this, in the face of a decline in growth: "Net of the energy sector - so the statistical institute in the note - economic growth is modest (+ 0.6%) and the trend is much less intense" .

(+ 13.0%).

Cost increases in all sectors: first of all energy


Last month an increase in costs "for all sectors of the manufacturing sector", where according to the analysis of Istat data "there are

trend increases on all three reference markets: the most marked coke and refined petroleum products

(+ 33.1% domestic market, + 8.2% euro area, + 31.1% non-euro area), chemical products (+ 24.7% domestic market, + 25.6% euro area, + 30.0% non-euro area), wood, paper and printing industry (+ 18.4% domestic market, + 26.2% euro area, + 19.3% non-euro area euro) and articles in rubber and plastic materials (+ 19.1% in the domestic market, + 14.1% in the euro area, + 15.8% in the non-euro area). 

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A gas pipeline

Gas and electricity: "Very high annual growth"


On the domestic market, the growth on an annual basis of prices in the sectors of mining activities and the supply of

electricity

and

gas

is very high (respectively + 233.6% and + 159.1% ).

Also the building industry suffers the increases 


"In August 2022 - the Institute continues in the note - the production prices of the constructions for" Residential and non-residential buildings "grow by 0.6% on a monthly basis and by 8.1% on annual basis. The prices of “Roads and Railways” recorded a cyclical growth of 0.1% and 8.5% in trend terms ".

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Building renovation

In the quarter June-August 2022

, compared to the previous three months, industry producer prices grew by +

5.9%

(+ 6.9% domestic market, + 2.5% foreign market).

On the foreign market, prices increase on a monthly basis by 0.3% (+ 0.2% in the euro area, + 0.4% in the non-euro area);

on an annual basis, they recorded an increase of 12.5% ​​(+ 12.3% in the euro area, + 12.6% in the non-euro area).