Italy: Industrial production records flat growth in March
May 10, 2016
In March, industrial output tallied zero growth over the previous month, which followed the revised 0.7% drop tallied in February (previously reported: -0.6% month-on-month). March’s reading undershot market expectations of a 0.2% increase. The flat reading was due to growth in the energy sector offsetting a contraction in the manufacturing and the mining and quarrying sectors.
On an annual basis, industrial production grew a working-day adjusted 0.5% in March, which represented a slowdown compared to the 1.1% increase tallied in February and marked the lowest reading in three months. Annual average growth in industrial output inched down slightly from February’s 1.6% to 1.5% in March.