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Metalworking production down 6.3% in 2012

Negative data apply to all sectors except rail and air

22 February, 14:06
Metalworking production down 6.3% in 2012 (ANSA) - Rome, February 22 - Industrial output in the metalworking sector dropped by 6.3% in Italy in 2012, falling to around a third less than what it was before the global financial crisis of 2008-2009, the Italian federation of metalworking industries Federmeccanica said Friday.

"The first few months of this year do not show signs of recovery except for a partial reduction of the negative trend," said a Federmeccanica report. Italy also performed worse than other European countries, the federation said. Germany registered a 0.2% drop in production in 2012 and France reported a 3.1% decline.

The negative results apply to all areas of production with the exception of the air and rail sectors.

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