Italy Industrial Sales y/y
The Industrial Sales y/y index (sometimes referred to as Industrial Turnover) shows the evolution of sales by Italian industrial enterprises at current prices in the reference month as compared to the same month of the previous year. It is a very important indicator to evaluate the trend of the growth capacity of industrial companies, relating to the period under consideration.
The index is calculated based on a survey of Italian companies with at least 20 employees. The companies participating in the survey are grouped according to the Alteco 2007 classification. The representative sample is compiled so as to include companies representing at least 70% of the total turnover of the sector.
Within the index, separate elementary indices are calculated for domestic market, as well as non-domestic one, within which they are subdivided into Euro zone and non-Euro zone. The total index is then calculated according to the Laspeyres formula, i.e. as a weighted structure. The index is calculated with 2015 as a base year.
The data is published 45 days after the reference period. It can be used for various economic analyzes crossing it with other economic indicators of production and sales, as well as in relation to data on the Gross Domestic Product and the Public Debt / GDP ratio.
In relation to trading and interpretation, values above expectations are to be considered positive for the EUR, while values below expectations are to be considered negative for the EUR.
The chart of the entire available history of the "Italy Industrial Sales y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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