In October, industrial output fell a seasonally-adjusted 0.1% over the previous month. While this marked the second consecutive monthly drop, the decline represented an improvement compared to the 2.1% fall recorded in September. However, the September reading surprised the market on the downside, as it contrasted market expectations of a 0.7% rise. The deterioration was led by the mining sector, which fell 5.7% over the previous month, contrasting the 0.5% month-on-month increase recorded in September. The manufacturing sector recorded a flat monthly reading, reversing the 2.1% mom drop recorded in September while the electricity, gas and water supply sector rose 1.9% mom (September: -2.9% mom). On an annual basis, industrial output rose a calendar-adjusted 2.9%, down from the previous month's 4.4% increase. Despite the slowing, the trend continued to improve, as annual average growth in industrial production doubled from 1.5% in September to 3.1% in October, in which represented the highest result since November 2007.
Industrial production drops for a second consecutive month
December 10, 2010
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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.