Industry revenues fall
January down 3.6%. Choral slowdown for all sectors except food
by Luca Orlando
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2' min read
2' min read
Reversed start for business revenues in 2024, with turnover recorded by Istat falling by 3.6 per cent in January.
A fall across all production sectors, with largely double-digit declines for textiles, wood-paper. metallurgy. The only sector bucking the trend is the food industry, which still sees sales up by more than 3%. A general decline that has been going on for months and involves both domestic and cross-border sales. An all-round negative signal, which also sees a slowdown in volumes, adjusting for the price effect, with a 2.6% reduction on an annual basis, 1.8% compared to December 2023.
The textile-clothing sector, in all its main components, is also on the decline. While the sector as a whole dropped by 8% in terms of total revenues compared to January 2023, in the textile industry in the strictest sense, the upstream supply chain that feeds the clothing sector, the drop recorded by ISTAT figures is 15.7%.
IN DETAIL
In January, industry turnover, net of seasonal factors, is estimated to have declined in both value (-3.1%) and volume (-2.6%). There were declines of the same intensity in value and volume (2.4%) on the domestic market and more pronounced declines in value (-4.5%) than in volume (-2.8%) on the foreign market.
On the other hand, an economic increase was observed for the services sector in both value (+1.6%) and volume (+1.7%).
