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Italy’s industrial output beats estimates in Nov

by ChemOrbis Editorial Team -
  • 13/01/2015 (16:14)
According to data released today by Italy’s National Institute of Statistics (ISTAT), the country’s industrial output beat estimates in November to rise by 0.3%. Economists’ estimates called for a 0.1% increase in November in a survey by Bloomberg. Industrial output had held steady in October.

On a yearly basis, Italy’s factory output declined 1.8% in November after a 3.0% drop in October when adjusted for working days. Analysts comment that the country’s relatively stronger industrial output may signal hope for recovery after a prolonged economic recession.
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