Latest Industrial Production Statistics In Italy

According to the latest single month data of the Agenzia (National Bureau of Statistics) (ISTAT), which was quoted by Italy ISTAT (ANSA) in June 10th (2019), the industrial production of Yi state has been shrinking for two consecutive months, showing zero growth in March of this year. Compared with the previous month, the industrial output of Yi state has a negative growth of 0.7%. The calendar adjustment has a negative growth compared with the same period (2018), and the difference is more than 1.5%. If we compare the single month data, the only growth energy industry is 3.6%, -2.5%, -0.7% and -0.5% will all decline. In addition, the data in 1-4 (2019) increased to 14.7%.

Compared with the same period last year, 80% of the industrial output, that is, 13 industries in 15 industries, has shrunk. Only two of them have grown in electricity, gas, steam and gas energy production (+5.8%) and food, beverage and tobacco manufacturing (+4.9%); 13 industries are most notably shrinking in textile, clothing, leather goods and accessories industry (-8.2%), coke and petroleum refining manufacturing industry (-7.4%), mechanical equipment (-6.2%) and spanport manufacturing industry (-6.1%).

Before tax reform, there is a precondition that can not be ignored, that is, the possibility of lifting the value added business tax (IVA). "S chairman also said," because of the recent political situation seems to blow up the collective treacherous spirit of worry, but at any time point today, tomorrow, in the future, we should not relax "on the issue of value-added tax. If the tax is raised, it will further expand the stagnant economy to a comprehensive economic crisis, especially in the current economic data reaction performance is not excellent, or at least slow down the growth of GDP 0.4-0.5%, and even cause economic growth in 2020 is likely to be zero growth. In addition, recently, Carlo Sangalli, chairman of the Confcommercio, said at the annual meeting held by the alliance:" we are discussing any

One of the deputy prime ministers of the Yi state also said to the Luigi Di Maio of the five-star Movement Party at the annual meeting: "as I announced last year, the VAT will not rise in December, and now I declare again that VAT should not only be increased, or even the possibility of a rise in the budget law".

In response to the annual meeting of the alliance, Sergio Mattarella, President of the Yi state, said: "the importance of continuing support and re opening family and business confidence is that it can further help people's income and employment growth, and protect people's savings and ensure their stability."