Italy: Industrial output rebounds in September
Industrial output increased 0.1% in month-on-month seasonally-adjusted terms in September, which contrasted August’s 0.3% decrease. September’s turnaround largely reflected improvements in manufacturing, mining and quarrying and electricity, gas, steam and air conditioning output.
On an annual basis, factory output rose 4.4% in September (August: -0.1% yoy). Accordingly, the trend improved significantly, with the annual average growth of industrial production coming in at plus 9.8%, up from August’s 8.9% reading.