Italy: Industrial production decelerates notably in September
November 10, 2016
In September, industrial output in Italy dropped 0.8% from the previous month, contrasting August’s revised 1.8% increase (previously reported: +1.7% month-on-month). The reading marked a 13-month low but beat market expectations of a more pronounced 1.0% drop. The decrease was due to manufacturing sector swinging from an expansion to a drop. Conversely, growth in both the mining and quarrying sector and the electricity, gas, steam and air conditioning sector accelerated.
On an annual basis, industrial production expanded a working-day adjusted 1.8% in September, decelerating from August’s revised 4.4% growth (previously reported: +4.1% year-on-year). The overall trend remained stable as annual average growth in industrial output in September matched August’s 1.2% reading.