In August, industrial output rose a seasonally adjusted 1.7% over the previous month. The reading contrasted both the 0.1% drop recorded in July (previously reported: -0.2% month-on-month) and market expectations of a 0.4% decrease. The figure, in fact, marks the highest monthly increase in more than two and a half years. The improvement was driven by a strong increase in manufacturing, while the other two main industrial sectors recorded worse performances compared to the previous month. Compared to the same month last year, industrial output dropped a working-day adjusted 5.2%, which represents an improvement compared to July's 7.2% decline but marks, nonetheless, the 12th consecutive contraction. Despite the softer annual decline, the trend continues to point downwards, with the annual average variation in industrial production falling from minus 4.6% in July to minus 5.5% in August, the lowest level since May 2010.
Industrial production surprisingly rebounds in August
October 18, 2012
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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.