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Italy's industrial production drops 1.6% YoY in Oct 2022: Istat

17 Dec '22
1 min read
Pic: Shutterstock/ MikeDotta
Pic: Shutterstock/ MikeDotta

Italy’s calendar adjusted industrial production index decreased by 1.6 per cent year-on-year (YoY) in October 2022 (calendar working days in October 2022 being the same as in October 2021). The country’s unadjusted industrial production index decreased by 1.6 per cent YoY for the same period, as per the Italian National Institute of Statistics (Istat).

In October 2022, the seasonally adjusted industrial production index of Italy decreased by 1.0 per cent compared with the previous month. The change of the average of the last three months with respect to the previous three months was +0.3 per cent, according to a press release by Istat.

The index measures the monthly evolution of the volume of industrial production. From January 2022, the indices are calculated as annual chain-linked indices instead of fixed base indices. The weighting reference is now year 2021 while the reference base is still the year 2015.

Fibre2Fashion News Desk (NB)

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