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Italy Industry August 2022

Italy: Industrial output records quickest growth since February in August

Industrial output increased 2.3% month-on-month in seasonally-adjusted terms in August (July: +0.5% mom). The result marked the best reading since February. The upturn largely reflected an improvement in manufacturing and mining and quarrying production.

On an annual basis, industrial production grew 2.9% in August, rebounding notably from July’s 1.3% fall. Moreover, the trend improved, with the annual average growth of industrial production coming in at 2.5%, up from July’s 2.4% reading.

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