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Italian industrial production for July beats forecasts

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Staff Writer | September 14, 2016
Industrial production in Italy beat economists' forecasts in June, with large gains evident across all categories of goods, although weakness in foreign orders was expected to take its toll in coming months.
Italian industrial
Italy   According to ISTAT:
Total output, excluding that from construction, rose by 0.4% month-on-month, according to ISTAT, versus projections for growth of 0.2%.

Production of consumer goods was particularly strong, rising by 2.0% over the month, led by a 3.6% jump in that of durable goods.

Capital goods production grew by 1.1% and that of intermediate ones by another 0.9%. Energy output was up by 0.5% In calendar adjusted terms, industrial production slipped by 0.3% in annual terms.

June's fall of 0.4% over the month was revised higher by one tenth of a percentage point to -0.3%.


 

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