Italy: Industrial production slows in April
Latest reading: Industrial production was up 0.5% on a seasonally adjusted month-on-month basis in April, following a 0.6% increase in the prior month.
Relative to the previous month’s data, readings in April softened for manufacturing (+0.3% in seasonally adjusted month-on-month terms vs +0.4% in March) and mining and quarrying (-4.5% vs +13.1% in March). In contrast, the reading for electricity, gas, steam and air conditioning improved in April (-0.2% vs -1.2% in March).
In annual terms, industrial production was up 1.2% in April, following a 1.3% rise in the prior month.