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Press release

Industrial turnover and orders

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In March 2020 the seasonally adjusted turnover index decreased by 25.8% compared to the previous month (-27.9% the domestic market and -21.9% in non-domestic market); the first quarter decreased by 6.6% compared to the fourth quarter of the last year (-7.9% in domestic market and -4.1% in non-domestic market).

The seasonally adjusted industrial new orders index decreased by 26.5% compared to February (-29.9% in domestic market and -21.4% in non-domestic market); the first quarter decreased by 9.5% compared to the last quarter of 2019 (-12.2% in domestic market and -5.7% in non-domestic market).

With respect to the same month of the previous year the calendar adjusted industrial turnover index decreased by 25.2% (-27.6% in domestic market and -20.7% in non-domestic market). Calendar working days in March 2020 were 22, one more than March 2019.

The unadjusted industrial new orders index decreased by 26.6% with respect to the same month of the previous year (-29.3% in domestic market and -23.1% in non-domestic market).

The seasonally adjusted volume turnover index (only for the manufacturing sector) decreased by 24.4% compared to the previous month; the first quarter decreased by 6.8% compared to the fourth quarter of the last year. The calendar adjusted volume turnover index decreased by 24.7% with respect to the same month of the previous year.

The pandemic emergency impacted on the data collection of the survey and a moderate loss in the responses rate was registered. Strategies implemented to deal with the missing responses allowed to calculate and release accurate indices for March 2020 (for further details see Methodological note, page 8).

Reference period: March 2020

Date of Issue: 15 May 2020

Next release: 17 June 2020

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