In September, industrial output dropped a seasonally-adjusted 2.1% over the previous month. The figure contrasted the 1.6% increase recorded in August and market expectations of a 0.3% rise. In fact, the contraction marked the strongest drop in industrial output since March 2009. At a sector level, the deterioration was led by the all-important manufacturing sector which fell 2.1% over the previous month, contrasting the 2.0% month-on-month increase recorded in August. Mining and quarrying, in contrast, rose 0.8% mom, reversing the 3.9% mom drop recorded in August while the electricity, gas and water supply sector fell 2.9% mom (August: -3.0% mom). On an annual basis, industrial output rose a calendar-adjusted 4.1%; less than half the previous month's 9.7% increase. Despite the slowing, the trend continued to improve as annual average growth in industrial production stepped up from minus 0.5% in August to 1.5% in September, which represented the first entry into positive territory in over two years.
Industrial production surprises on the downside
November 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.