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Italy’s industrial production tops estimates in March

by ChemOrbis Editorial Team -
  • 08/05/2015 (15:46)
According to data from Italy’s national statistics office Istat, the country’s industrial production topped estimates in March. The data showed that Italy’s industrial output posted a seasonally adjusted increase of 0.4% month over month in March while economists’ initial estimates called for a gain of 0.3% in a survey conducted by the Wall Street Journal.

The increase was attributed to higher output for consumer goods, which increased 1.4% in March.
On a yearly basis, the country’s industrial output increased 1.5% on a calendar adjusted basis, posting the first gain in three months.

Meanwhile, Italy’s industrial production rose 0.3% on a quarterly basis in the first quarter of this year while the country’s Q1 industrial production declined 0.1% compared with the same period of 2014.
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