Italy Industry


Industrial production accelerates in October

In October, industrial output rose a seasonally-adjusted 0.5% over the previous month, which was the strongest growth in nine months. The reading was up from the 0.2% increase recorded in September and came in above market expectations of a 0.3% increase. The improvement was broad-based as all the main sectors of industrial activity fared better compared to the previous month.

On an annual basis, industrial output fell a working-day adjusted 0.5%, which was smaller than the 2.9% drop recorded in September. On an annual basis, industrial production has been contracting for 26 consecutive months. Meanwhile, annual average growth in industrial output rose from minus 4.7% in September to minus 4.3% in October.

FocusEconomics Consensus Forecast panelists see industrial production contracting 3.2% in 2013, which is down 0.3 percentage points from last month's forecast. For 2014, panelists expect industrial output to expand 0.8%, which is down 0.1 percentage points from last month's projection.

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Italy Industry Chart

Italy Industry October 2013

Note: Month-on-month changes of seasonally adjusted industrial production and annual average growth rate in %.
Source: National Statistical Institute (Istat).

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