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Italy’s factory output down 0.9% in Sept

by ChemOrbis Editorial Team -
  • 11/11/2014 (12:00)
According to data compiled by the National Institute of Statistics (ISTAT), Italy’s industrial production was down by a larger than expected amount in September. The country’s seasonally adjusted factory output decreased 0.9% in September after posting an increase of 0.2% in August.

On a yearly basis, the country’s industrial production fell 2.9% in September, significantly below the 0.7% decrease predicted by economists. Production also edged down 1.1% in the July- September period when compared to the second quarter.

Meanwhile, the European Commission forecasted a contraction of 0.4% this year and an expansion of 0.6% in 2015 for the Italian economy. Analysts stated that the recent loss in industrial production suggests that Italian economic may fall below the Commission’s estimates.
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