Italy: Industrial production speeds up in March
Latest reading: Industrial production rose 0.7% in seasonally adjusted month-on-month terms in March, following a 0.2% increase in the prior month.
Relative to the prior month’s data, readings in March improved for mining and quarrying (+13.3% in seasonally adjusted month-on-month terms vs -4.5% in February) and electricity, gas, steam and air conditioning (-1.2% vs -5.4% in February). In contrast, the reading for manufacturing softened in March (+0.5% vs +1.1% in February).
In annual terms, industrial production was up 1.4% in March, following a 0.5% rise in the previous month.