Istat: construction production in April -67.7%, never so low – Economy

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In April Istat reports “a drastic drop in construction production” which on an annual basis sees declines “never touched before”, due to the containment measures of the Covid-19 pandemic. The corrected index for calendar effects has decreased by 67.8% since April 2019, while the crude index shows a decrease of 66.7%.
On a monthly basis, the seasonally adjusted index continues to decline for the third month, with a drop of 51.5% compared to March 2020 and has reached an all-time low since 1995, the beginning of the series.

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