In August, industrial output increased 1.6% over the month before in seasonally-adjusted terms. The figure came in above the 0.3% increase recorded in July and contrasted market expectations of a 0.1% drop. At a sector level, the improvement compared to the previous month was led by the all-important manufacturing sector, the only one to record a better performance compared to July. Manufacturing jumped 2.0% over the previous month, up from the 0.2% month-on-month increase recorded in July. Mining and quarrying dropped 4.0% mom, contrasting the 4.8% mom increase recorded in July and, finally electricity, gas and water supply fell 2.8% mom (July: +5.4% mom). On an annual basis, industrial output rose a calendar adjusted 9.5%, which was up from the previous month's 5.6% increase. The result marked the sharpest increase since December 1997, but was favoured by a low calculation base, as industrial output had plunged 18.0% in August 2009. As a consequence of the positive monthly reading, the trend continued to improve, as the annual average growth in industrial production stepped up from minus 1.9% in July to minus 0.5%.
Industrial production rises unexpectedly
October 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.