Italy Industrial Production Falls Most In 4 Months

ROME (Alliance News) - Italy's industrial production decreased at the fastest pace in four months ...

Alliance News 11 January, 2019 | 12:18PM
Email Form

ROME (Alliance News) - Italy's industrial production decreased at the fastest pace in four months in November and the fall was worse than expected, preliminary data from the statistical office ISTAT showed on Friday.

Industrial production fell a seasonally adjusted 1.6% in November, after a 0.1% drop in October. Economists had expected a 0.3% decline.

The latest decrease was the biggest since July, when production fell 1.8%.

Production of intermediate goods dropped 2.4%, capital goods output fell 1.7% and manufacture of consumer goods decreased 0.9%.

In contrast, energy sector output grew 1.0%.

On a year-on-year basis, industrial production decreased a calendar adjusted 2.6% in November following a 4.2% climb in October. Economists had forecast a 0.4% increase.

Copyright RTT News/dpa-AFX

Email Form
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.