Industrial production on the upswing: +2.2% over the last quarter 2023

Brescia. In the first quarter of 2024, production activity in the Brescia manufacturing sector showed a change compared to the previous quarter of +2.2% (conjunctural), while the evolution compared to the same period last year (tendential) still shows a negative sign (-2.3%), of a similar magnitude to that which occurred between October and December 2023.
This is shown by the economic survey of the Confindustria Brescia Study Centre on data for the period January-March 2024.
The acquired rate – i.e. the average annual change that would occur if the production index did not change until the end of 2024 – is slightly positive (+0.5%), despite the negative component inherited from 2023 (-1.6%).

‘The growth recorded for industry in Brescia in the first three months of the year is part of an overall positive national context,’ comments Franco Gussalli Beretta, president of Confindustria Brescia, ‘characterised, among other things, by the good evolution of GDP, low energy input prices, but still high when compared to pre-Covid, and the gradual recovery of Italian manufacturing. In this situation, however, we are recording a new increase in the purchase costs of raw materials (+2.8%), in line with the upward movement recorded on international markets by the prices of the main commodities used by companies in Brescia. An aspect that we continue to monitor, in light of the previous impacts already experienced on our production system.’