Abstract
The reliability of index numbers on Italian industrial production worked out by the Italian Central Institute of Statistics has been and still is judged differently. The objection more particularly raised is that they present for the last three years an excessively optimistic situation as compared to the pre-war period. The present article clears up some methodological problems connected with their construction and points to certain factors which directly or indirectly confirm their reliability and accuracy. The author’s conclusions coincide with the considerations set forth in the Report of the Minister of the Treasury for 1950.
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