The calendar adjusted industrial production index increased by 2.9 per cent compared with August 2021 (calendar working days in August 2022 being the same as in August 2021). The unadjusted industrial production index increased by 2.8 per cent compared with August 2021.
The index measures the monthly evolution of the volume of industrial production (excluding construction). From January 2022 the indices are calculated as annual chain-linked indices instead of fixed base indices. The weighting reference is now year 2021 while the reference base is still the year 2015. Indices are produced according to Ateco 2007 classification (Italian edition of Nace Rev. 2).
The industrial production index is based on the results of a sample statistical survey, conducted among enterprises (survey units), that measures the volume of production of the goods included in a representative basket of products (analysis units), added the report.
The monthly survey of industrial production is conducted directly on a panel of approximately 5,400 companies, which provides the data concerning less 9,900 monthly production flows, generally defined in terms of physical quantity.
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