Italy: Industrial production improves in February
April 13, 2012
In February, industrial output dropped a seasonally adjusted 0.7% over the previous month. The decline represented an improvement compared to the 2.6% drop recorded in January but met market expectations. Compared to the same month last year, industrial output dropped 6.8% on a working-day adjusted basis, which was down from January's 4.6% decline and marked the sixth consecutive contraction. As a result, the trend continues to deteriorate, with the annual average variation in industrial production falling from minus 0.3% in January to minus 1.0% in February.
Author: Armando Ciccarelli, Head of Data Solutions