In November, industrial output rose a seasonally-adjusted 1.1% over the previous month, which contrasted the 0.1% contraction recorded in October and marked the first increase after two consecutive declines in October and September. Moreover, the November reading surprised market analysts on the upside, as it came in above expectations of a 0.5% rise. The improvement was led by the mining sector, which rose 1.3% over the previous month, contrasting the 5.7% month-on-month drop recorded in October. The manufacturing sector increased 1.1%, up from the flat reading recorded in October, while the electricity, gas and water supply sector fell 0.8% mom (October: +1.9% mom). On an annual basis, industrial output rose a working-day adjusted 4.1%, up from the previous month's 2.9% increase. Accordingly, the trend continued to improve, with annual average growth in industrial production rising from 3.1% in October to 4.4% in November, which represented the highest result since January 2001.
Industrial production rebounds in November
January 12, 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.