Italy's industrial production rises 1.1% in December 2023

14 Feb '24

1 min read

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Insights

In December, Italy's industrial production rose by 1.1 per cent month-on-month, as per Istat.
However, comparing the last three months to the previous ones, the country's industrial production dropped by 0.5 per cent.
Year-on-year, the adjusted index fell by 2.1 per cent, and the unadjusted index saw an 8 per cent decline compared to December 2022.

Italy's seasonally adjusted industrial production index experienced a month-on-month increase of 1.1 per cent in December, indicating a short-term uptick in industrial activity, according to the Italian National Institute of Statistics (Istat).

When comparing the average of the last three months to the preceding three months, industrial production actually contracted by 0.5 per cent.

The year-on-year comparisons further underscore the hurdles faced by the Italian industrial sector. The calendar adjusted industrial production index, which accounts for the number of working days, fell by 2.1 per cent in December 2023 compared to the same month in the previous year. The unadjusted industrial production index witnessed a more pronounced decline of 8 per cent compared to December 2022, as per Istat.

Fibre2Fashion News Desk (DP)

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