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ISTAT. In June, surge in exports of pharmaceutical products: +34.5%. The internal market is bad

In June 2019, a cyclical growth is estimated for exports (+1.2%) and a decrease for imports (-2.1%). The cyclical increase in exports is determined by the increase in sales to non-EU markets (+3.9%) while those to EU countries are decreasing (-1.0%).

In the second quarter of 2019 there was a cyclical increase for both foreign trade flows, more intense for exports (+1.7%) than for imports (+1.2%).

In June 2019, the decrease in exports on an annual basis is equal to -3.5% and is determined by the decrease in sales recorded both for the EU area (-4.6%) and for the non-EU area (-2.1%). Similarly, imports decreased (-5.5%) both from the EU area (-6.1%) and from non-EU markets (-4.7%).

The sectors that contribute to the downward trend in exports include means of transport, excluding motor vehicles (-26.4%), base metals and metal products, excluding machinery and plants (-5.9%), refined petroleum products (-14.5%) and motor vehicles (-8.3%), while in the same month the pharmaceutical, chemical-medicinal and botanical articles (+34.5%), especially in the United States

On an annual basis, the countries that contribute most to the decrease in exports are Germany (-8.0%), Switzerland and OPEC countries (-13.5% for both), and France (-3.8%), while there is an increase in sales to the United States (+4.1%) and Japan (+27.9%).

In the first six months of 2019, the year-on-year increase in exports (+2.7%) was mainly driven by sales of pharmaceutical, chemical-medicinal and botanical articles (+28.0%), textiles and clothing, leather and accessories (+7.3%), food, beverages and tobacco (+6.9%).

It is estimated that the trade surplus will increase by 554 million euros (from +5,174 million in June 2018 to +5,728 million in June 2019). In the first six months of the year the trade surplus reaches +22,107 million (+42,414 million net of energy products).

In June 2019, the import price index is estimated to decrease by 1.4% in cyclical terms and by 1.6% compared to the same month of the previous year. In both cases, the dynamics are substantially stationary net of energy.

ISTAT – 23 August 2019

FULL TEXT AND METHODOLOGICAL NOTE


INDUSTRY TURNOVER AND ORDERS

In June it is estimated that the turnover of the industry will decrease by 0.5% in quarterly terms. In the second quarter, the overall index decreased by 0.1% compared to the previous quarter.

Orders also recorded a cyclical decline in June both on a monthly basis (-0.9%) and overall in the second quarter (-0.4%).

With reference to the manufacturing sector, the textile and means of transport industries recorded the trend growth of the most significant turnover (+4.1%), while the pharmaceutical industry shows the greatest drop (-12.6%).

In tendential terms, the raw index of orders fell by 4.8%, with decreases on both markets, but of notably different extents: -1.8% on the domestic market and -9.1% on the foreign market. The greatest trend growth is recorded in the means of transport industries (+5.1%), while the worst result is seen in the pharmaceutical industry (-16.2%).

ISTAT – 29 August 2019

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Fedaiisf Federazione delle Associazioni Italiane degli Informatori Scientifici del Farmaco e del Parafarmaco