Italy: Industrial output posts quickest growth since October 2020 in November
Industrial production increased 1.9% month-on-month in seasonally-adjusted terms in November (October: -0.5% mom). November’s print marked the best result since October 2020. The reading reflected a broad-based upturn, with activity in the manufacturing, mining and quarrying and electricity, gas, steam and air conditioning sub-sectors all improving in November.
On an annual basis, industrial output rose at a quicker rate of 6.3% in November (October: +1.9% yoy). Meanwhile, annual average industrial production growth rose to 11.3% in November (October: +10.2%). This signals an improving trend in the industrial sector.