Italy: Decline in industrial activity softens in November
Industrial production fell 0.3% month-on-month in seasonally-adjusted terms in November (October: -1.1% mom). Looking at the details of the release, manufacturing output bounced back in November, while mining and quarrying output .
On an annual basis, industrial production dropped 3.7% in November, which was notably greater than Octobers 1.6% fall and marked the worst result since November 2020. Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at 0.8%, down from October’s 1.7%.