Italy: Industrial production in January grows at fastest rate since August 2011
March 11, 2016
In January, industrial output grew a seasonally-adjusted 1.9% over the previous month, which contrasted the 0.6% decrease tallied in December and marked the highest reading since August 2011. January’s reading significantly overshot market expectations of a 0.7% increase. The result reflected improvements in all sectors of the index, with manufacturing in particular swinging to a 19-month high.
On an annual basis, industrial production grew a working-day adjusted 3.9% in January, which contrasted the 1.0% decrease tallied in December. As a consequence, annual average growth in industrial output inched up from December’s 0.9% to 1.4% in January.