Italy: Industrial output growth speeds up in April
Industrial output expanded 1.6% month-on-month in seasonally-adjusted terms in April (March: +0.2% s.a. mom). April’s improvement was partly due to an improvement in manufacturing production. In addition, mining and quarrying output picked up pace.
On an annual basis, industrial production rose 4.2% in April, which was better than March’s 3.2% expansion. Meanwhile, annual average industrial production growth fell to 5.9% in April (March: +9.7%), signaling a worsening trend in the industrial sector.