Italy: Industrial production falls in November
January 14, 2016
In November, industrial output fell a seasonally-adjusted 0.5% over the previous month, which contrasted the 0.5% increase tallied in October and marked a three-month low. November’s reading significantly undershot market expectations of a 0.2% increase. The result reflected a sharp fall in manufacturing, which swung to contraction and more than offset slight improvements in mining and quarrying as well as in electricity, gas and steam.
On an annual basis, industrial production expanded a working-day adjusted 0.9% in November, which was below the 3.0% increase tallied in October. However, annual average growth in industrial output inched up from October’s 0.8% to 1.0% in November.
Author: Eric Denis , Economist