In September, industrial output dropped a seasonally adjusted 1.5% over the previous month. The reading contrasted the 1.7% rise recorded in August but was virtually in line with market expectations of a 1.6% decline. The deterioration was driven by contractions in manufacturing as well as in electricity, gas and water supply. Compared to the same month last year, industrial output dropped a working-day adjusted 4.8%, which represents an improvement compared to August's 5.2% decline but marks, nonetheless, a 13th consecutive contraction. Despite the softer annual decline, the trend continues to point downward, with the annual average variation in industrial production falling from minus 5.5% in August to minus 5.7% in September.
Industrial production contracts in September
November 9, 2012
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Italy Industry Chart
Note: Month-on-month changes of seasonally adjusted industrial production and annual average growth rate in %.
Source: National Statistical Institute (Istat).
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.