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Industrial output up in Italy, down in France in Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/02/2017 (17:07)
According to the statistical office Istat, Italy’s industrial production was up by 1.4% in December on a monthly basis, the fastest pace of four months, after a rise of 0.8% in November and beat the estimates of a growth of 0.1%. The country’s industrial output also increased on a yearly basis by 6.6%, doubling a rise of 3.3% in November and expectations of a growth of 3.2%. Italy’s growth of industrial output for 2016 as a whole was 1.6% when compared to 1.1% in 2015.

Contributing to the growth in December, production of intermediate goods, consumer goods, capital goods and energy output was up by 2%, 1.5%, 1.2% and 0.7% respectively.

However, the data from Insee showed that the industrial production in France fell more than expected in December by 0.9% on the month after an increase of 2.4% in November. This rate of decline was larger than the expectations of a decrease of 0.7% and was the biggest of the previous three months.

According to the data, manufacturing dropped by 0.8% in December month-on-month after a growth of 2.4% in November and slightly exceeded the expectations of a drop of 0.7%. Contributing to the decline in December, production of refined petroleum and transport equipment as well as construction output fell by 4.3%, 1.6% and 0.9% respectively.
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