In January, industrial output contracted a seasonally adjusted 1.5% over the previous month, contrasting the 0.2% expansion recorded in December (previously reported: +0.3 % month-on-month). The result marked the re-entry of industrial production growth into negative territory, after consecutive increases in November and December. In addition, the January reading defied market expectations, as analysts had forecasted a 0.6% increase. Compared to the same month the previous year, industrial output rose a dismal 0.6% on a working-day adjusted basis, coming in at a fraction of December's 5.6% year-on-year increase. Despite the moderation, the trend continued to improve with annual average growth in industrial production inching up from 5.3% in December to 5.4%.
Industrial production contracts in January
March 10, 2011
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Italy Economic News
October 14, 2016
According to revised data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% from the previous month in September.
October 10, 2016
In August, industrial output increased 1.7% from the previous month, accelerating from July’s revised 0.7% increase (previously reported: +0.4% month-on-month).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.8 in August to 51.0 in September, taking it above the 50-threshold that separates expansion from contraction in the manufacturing sector. September’s result mainly reflected a return to growth in new orders, which, in the previous month, had dropped slightly for the first time in over one-and-a-half years.
September 30, 2016
According to provisional data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% over the previous month in September, contrasting August’s 0.2% increase and marking the lowest result in seven months.
September 28, 2016
The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, increased from a revised 99.5 in August (previously reported: 99.4) to 101.0 in September. All four categories of the indicator improved compared to August.