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Italy Industrial production October 2023

Italy: Industrial output dips in October

Industrial output fell 0.2% month-on-month in seasonally adjusted terms in October (September: +0.1% mom). The weakening was largely driven by a deterioration in manufacturing output. In addition, mining and quarrying output decelerated.

On an annual basis, industrial production dropped 1.1% in October, a smaller contraction than September’s 2.0% fall. Moreover, the trend improved, with the annual average variation of industrial production coming in at minus 2.5%, up from September’s minus 2.6% reading.

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