Italy's industrial production rises 1.1% in December 2023
14 Feb 24 1 min read
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.
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.
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