In July, industrial output fell a seasonally adjusted 0.2% over the previous month. The reading was better than both the 1.3% drop recorded in June (previously reported: -1.4% month-on-month) and market expectations of a 0.4% decrease. The improvement was broad-based, with all the three main sectors experiencing better results than in June. Compared to the same month last year, industrial output dropped 7.3% on a working-day adjusted basis, which represents an improvement compared to June's 7.9% decline but marks, nonetheless, the 11th consecutive contraction. Despite the softer decline, the trend continues to point downwards, with the annual average variation in industrial production falling from minus 4.1% in June to minus 4.6% in July, the lowest level since May 2010.
Industrial production moderates pace of contraction
September 12, 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.